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What does a proper estate plan include?

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certified financial planning

What does a proper estate plan include?

Question: What does a proper estate plan include?

Answer: A proper estate plan includes a will. It may also include a trust if you want to provide special provisions for when your family receives property, if you want to control when they receive it, and how they receive it. More importantly, you need a durable power of attorney which helps handle your financial decisions if you become disabled. In addition, you need healthcare power of attorney and a living will which handles the medical decisions that need to be made if you become disables and your family needs to make those decisions for you.


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