Estate Planning Essentials: Wills, Trusts, and Powers of Attorney

Estate Planning Essentials: Wills, Trusts, and Powers of Attorney

Estate planning is crucial to ensure your assets and wishes are properly managed.

• Last Will & Testament: Specifies how your property will be distributed after your death and can appoint guardians for minor children.

• Trust: Allows for more control over when and how your assets are distributed, often avoiding probate and offering potential tax benefits.

• Power of Attorney: Designates someone to manage your finances or healthcare if you become incapacitated, ensuring decisions align with your preferences.

Together, these documents form the foundation of a comprehensive estate plan. Properly executed, these tools ensure your estate is managed according to your wishes and help minimize legal complications for your loved ones.

If your estate plan is missing key documents like a Will, Trust, or Power of Attorney, it is important to consult with a qualified attorney. These documents may be essential to ensuring your wishes are honored and your loved ones are protected. Contact an attorney to get started or update your existing plan.

*The information provided on this page is for educational and informational purposes only and does not constitute legal, medical, financial, insurance, or other professional advice. DocuGuardian is a technology service platform and does not provide legal, medical, financial, insurance or other professional services of any kind. We strongly recommend consulting with a qualified legal, medical, financial, insurance, or other licensed professional for personalized guidance on your estate planning and legal, financial, medical, and insurance matters. Please review our Terms of Service for more information.