June 24, 2024
Will: Outlines how your assets will be distributed and can appoint a guardian for minor children.
Durable Power of Attorney: Authorizes someone to handle your financial affairs if you’re incapacitated.
Designation of Health Care Surrogate: Specifies your wishes for medical care if you’re unable to communicate them yourself.
Revocable Living Trust: Helps manage your assets during your lifetime and distributes them after your death without the need for probate.
Beneficiary Designations: Directs specific assets like life insurance or retirement accounts to named beneficiaries.
Guardianship Designations: Names a guardian for your minor children or dependents with special needs.
These documents work together to ensure that your estate is managed and distributed according to your wishes, your healthcare preferences are respected, and your loved ones are provided for in your absence. It’s advisable to consult with an estate planning attorney to create a comprehensive plan that fits your specific needs and circumstances.
