Essential Estate Planning Documents: What You Need to Know

There are several key documents that make up an individual’s estate plan.  A Last Will and Testament is a legal document which outlines your intentions regarding distribution of your estate. A person’s estate is comprised of the assets you own at your death and can include, real estate, bank/investment accounts and personal property. When creating your Will, it is also important to consider beneficiary designations and which of your assets (bank accounts, investment accounts, etc.) will pass outside of you Will.

Durable Financial and Health Care Powers of Attorney allow you to designate an individual (Agent) to act on your behalf to make financial and health care decisions, respectively, on your behalf should you be unable to do so.