CHOOSE THE RIGHT DOCUMENTS
To Achieve Your Goals in Your Home State
A complete estate plan requires more than just a Will. You will also want to consider creating an Advance Healthcare Directive and a Durable Power of Attorney for Finances. A Trust is a good idea if you have minor children, a lot of assets, or would like to create some rules governing how your assets will pass and what your beneficiaries may do after you pass away.
Other less common estate planning documents include
- Living Wills
- Pourover Wills & Inter Vivos Trusts, and
- Separate statements of burial wishes.
- Don't Forget! Your beneficiary designations are very important for your estate plan. They should be compatible with your other planning documents.
A Final Note on document Selection
Although the minimum legal requirements for each of these documents are relatively simple, you want your plan to be cohesive and be compatible with your partner's plan. If you fail to synchronize and update your documents, you will create additional legal knots that a court will have to untie.
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