What is in a basic Estate Plan?

Some of our families and situations are more complicated than others. However, there are some basics in estate planning that everyone should have. The three documents that everyone should have are:

1. A Will or Living Trust

2. A Power of Attorney

3. An Advanced Healthcare Directive

These documents are the minimum necessary to handle your affairs both in life and in death should someone else need to take care of your estate.

If your family situation has other complexities, then you might add a Special Needs Trust, an Irrevocable Life Insurance Trust, or other special vehicles. You should start with these three however.

For most families, these three are all that you’ll need. You’ll want to keep them updated and current.

If you have any questions leave a comment. If you’d like to plan with me or schedule a call for your concerns, then you can do this at my scheduling by clicking here.

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