Estate Planning Documents You Should Have
- Last Will and Testament - a legal document that details where you want your assets to go (after debts and taxes are paid); designates who is going to oversee the execution of your will; may state who is to care for your minor children
- Durable Power of Attorney - a lifetime document that allows you to designate a representative to perform certain financial actions for you if you should become ill, incapacitated or otherwise unable to manage your affairs
- Living Will - a written declaration of what life-sustaining medical treatments you will allow or not allow if you become incapacitated
- Health Care Proxy - a document that authorizes a person to make medical decisions on your behalf if you become incapacitated
- Trusts - legal vehicles for managing money (depending on your life circumstances and asset base)
