Five Essential Estate Planning Documents Everyone Should Consider

Five Essential Estate Planning Documents Everyone Should Consider

Estate planning is the systematic approach to organizing your personal and financial affairs in order to deal with the possibility of mental incapacity and certain death.

Depending on your current family and financial situations, your foundational estate plan should include these five essential legal estate planning documents.

Will

A will allows you to nominate a personal representative and express your wishes about where you want your assets to go after you die. The personal representative is in charge of managing your estate and carrying out your directions in distributing your assets.

Durable Power of Attorney for Finances 

A power of attorney allows you to appoint a person you trust to conduct financial business for you as your agent if you are unable to manage your own finances.

Durable Power of Attorney for Health Care

A power of attorney allows you to appoint a person you trust to make health care/medical decisions for you if you are unable. 

Advance Health Care Directive 

This document that would go into effect when you become incapacitated and no longer able to communicate with your doctors regarding your care and end of life decisions.

Cremation Directive

This document sets forth your burial and funeral choices which guides your loved ones regarding your end of life wishes. 

All Estate Plans should contain these five documents.  We will be able to assist you with preparing all of these documents and customize them for your situation.

STAY UP TO DATE

Subscribe to our newsletters

 
Subscribe to one or more of our newsletters, delivering meaningful insight on topics that matter to you and your family.
ebl home subscribe image

FURTHER READING

Latest Blog Posts

Not sweating the small stuff is even more important during separation than it is at other times to have an amicable divorce.

Many people delay estate planning because facing sickness and death can be uncomfortable. However, preparation is necessary to have your wishes honored as you intend. With this in mind, consider the following suggestions to stay focused on these estate planning goals.

The thought of how to approach your partner for a divorce can be stressful, even if you believe they will take the news "well.” The upside is there are ways to communicate your intentions that can minimize the uncomfortable feelings you are experiencing while helping to make the conversation go more smoothly.

Probate in Washington state is relatively straightforward, especially with the guidance of a Seattle estate planning attorney at your side. Here is what you need to know.

Unsure where to begin gathering the foundation you need to go through the divorce process with confidence and well-prepared? Consider the following 10 tips to prepare for divorce.

Everyone who has anyone in their life needs an estate plan, even people who own little or no property.

A common question about legal fees is why they are so high. The following article details what is built into legal fees and explains their cost.

Gifting an estate plan is an act of love because an estate plan goes far beyond material possessions, addressing the emotional, practical, and long-term well-being of your loved ones.

Prenuptial agreements (also known as prenups) can play a pivotal role in safeguarding individual spousal rights in the event of divorce and can also strengthen a marriage.

Valentine’s Day can be tricky for single parents, maybe even you. Unpartnered, at least for the time being, you might not foresee your plans fitting into conventional images of the holiday. But that doesn’t have to be. Valentine’s Day, when you’re single, can be more than a day you need to survive. It can be a day to look forward to.