Key Estate Planning Documents Everyone Should Understand

Estate planning is not a single document. It is a collection of legal tools that work together to provide guidance, protection, and clarity. Understanding these documents is an important first step in building a plan that reflects your needs.

Common Estate Planning Documents

While each estate plan is unique, many include the following core documents:

Wills

A will outlines how your assets should be distributed and allows you to name a guardian for minor children. It provides clear direction after death and helps prevent disputes.

Durable Power of Attorney

This document authorizes a trusted individual to handle financial matters if you are unable to do so. Without it, loved ones may need court approval to manage basic financial responsibilities.

Health Care Surrogate and Advance Directives

These documents allow you to designate someone to make medical decisions on your behalf and outline your preferences for medical care.

Living Will

A living will provides guidance regarding end-of-life decisions and helps ensure your wishes are respected.

Why These Documents Matter

Each document serves a specific purpose. Together, they help reduce uncertainty, limit court involvement, and provide families with direction during emotionally challenging situations.

Understanding estate planning documents empowers you to make informed decisions. Schedule a consultation to discuss which documents may be appropriate for your situation.