When you begin your estate planning, you and your estate planning attorney will need to determine which documents and planning tools you need as part of your individualized, comprehensive estate plan. Take a look at the following information, to learn about the most commonly used base estate planning documents. If you have any questions, or if you’d like to begin your estate planning affairs, contact an estate planning attorney.
Most people choose to begin their planning with the use of a will. This planning document allows you to have control over how your affairs will be handled after your death. You can appoint a guardian for your children, choose an executor to manage your affairs, and decide how your assets will be distributed to your beneficiaries. If you want to be in control of these important decisions, then you need a will.
You should also consider creating a living will. This document allows you to make important end of life medical treatment decisions. You can choose what medical procedures and treatments that you consent to during incapacity. This helps to give you control during an end-of-life situation.
You should also consider creating a financial power of attorney and a power of attorney for healthcare. These documents make it possible to appoint agents who will have the authority to help handle your financial and medical affairs on your behalf, during incapacity.
It’s important to consider the above base estate planning documents so that you have full control over your affairs. Without the right plan in place, your wishes may not be respected and you may not be able to get the help that you need, when you need it.
If you’re ready to begin your estate planning, consult with a qualified estate planning attorney.
Latest posts by Michael Robinson, Estate Planning Attorney (see all)
- Beneficiary Designations, etc., Aren’t a True Substitute for a Trust - April 17, 2019
- What Are 529 Plans and What Are Their Advantages? - April 17, 2019
- Have You Heard of These Trusts? - April 16, 2019