Community FAQ · Financial Planning
What documents should be included in an estate plan?
A comprehensive estate plan should include a will to designate who inherits your assets, trusts to manage assets for minor children or those with special needs, guardianship arrangements for young children, powers of attorney for financial decisions, and advance healthcare directives for medical decisions. These documents ensure that both your assets and personal wishes are handled according to your intentions if you become incapacitated or pass away.
Answered by Shannon Neely, Shannon Neely Financial Services Inc. Based on The Importance of Estate Planning.