Transforming Future Security Simple Estate Planning Tips Await

Estate planning typically includes several key components:

• Wills: A legal document that outlines how you want your assets distributed after your death. It can also designate guardians for minor children.
• Trusts: Arrangements that allow a third party, or trustee, to hold assets on behalf of beneficiaries. Trusts can help avoid probate and provide tax advantages.
• Power of Attorney: A legal document that grants someone you trust the authority to make decisions on your behalf if you become incapacitated.
• Healthcare Directives: Instructions for your medical care preferences in case you cannot communicate them yourself.