Secret Family Estate Planning Tips You Can't Ignore

A robust estate plan typically includes several key documents:

• Last Will and Testament: This document outlines your wishes regarding asset distribution and guardianship of minor children.
• Trusts: Trusts can be used to manage assets during your lifetime and distribute them after your death, often providing tax benefits and avoiding probate.
• Power of Attorney: Designates someone to make financial decisions on your behalf if you become incapacitated.
• Healthcare Directive: Also known as a living will, it specifies your wishes for medical treatment if you cannot communicate them yourself.