Estate planning allows you to decide what will happen in the event of your disability, incapacity, or death. Rather than filling out a generic form or leaving the decisions up to the government and the courts, an attorney can tailor an estate plan to carry out your specific wishes. This gives you control over what happens and takes the burden off your family through the use of wills, trusts, living wills, health care surrogates, and powers of attorney.
There are five estate planning documents you may need, regardless of your age, health, or wealth:
- Revocable Living Trust
- Durable Power of Attorney
- Advanced Medical Directives
- Letter of Instruction