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Typical Estate Planning Documents

  • Writer: Ruth
    Ruth
  • Aug 14
  • 1 min read

Wills 

A will is a legal document that communicates your final wishes regarding your assets, how that property is to be distributed after your death, and the person who will manage the property until the final distribution. A typical estate plan includes a Will.


Trusts 

Trusts can be set up in wills, these are known as testamentary trusts. Trusts can also be set up on their own by a grantor, who then funds the trust with property. Trusts typically avoid the need to open probate.


Durable and General Powers of Attorney

A Durable and General Power of Attorney names an Agent to make financial decisions on your behalf. This document allows the named Agent to manage your finances and property for you.


Durable Powers of Attorney for Healthcare

A Durable Power of Attorney for Healthcare designates an Agent to make healthcare decisions on your behalf if you lose the ability to make informed healthcare decisions.


Healthcare Directives

Sometimes known as a "Living Will," a Healthcare Directive expresses your values and wishes regarding end-of-life care.


 
 

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