Establishing an estate plan that takes specific factors into account is critical. There are particular planning documents that cover each of your needs, and being aware of how each of them functions will help you construct a successful estate plan.
The most important documents to include in a typical estate plan include:
- Trust
- Will
- Durable Power of Attorney
- Healthcare Power of Attorney (also known as an Advanced Healthcare Directive)
Depending on the goals of your estate plan, you may need other documents to accomplish your wishes. By collaborating with a skilled attorney, you will have access to the resources necessary to not only chose the documents necessary to your situation, but also to complete them accurately.