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What Estate Planning Documents to Include 

There are a few tasks that people are reluctant to work on such as writing an estate plan. Making one early however, can have many benefits as they address many legal topics and issues that will affect you and your family in the future. Asset protection, beneficiary designation, and advanced medical planning are just a couple of the things that you can accomplish with an estate plan. As an estate planning lawyer can explain, there are many state estate planning documents that a detailed plan should include. 

Will 

This is the legal document that most people usually think of when they think of estate planning.  It is a key part of a well-developed estate plan. A will is a document where an individual can lay out instructions of how they want their estate to be distributed to their family and loved ones. They can write down their wishes regarding their beneficiaries and assets. Whether you have children or not, you can gain a lot from developing a will early on while you are healthy and can clearly communicate your values and wishes.

Advance Healthcare Directive

Another part of an estate plan is the advance healthcare directive. As we grow older, we will need special instructions regarding the type of medical care we will receive. If you have a specific idea of what type of care you want and medical procedures you do or do not want to undergo, having an advance healthcare directive in your estate plan is incredibly beneficial. It is recommended for everyone to have it so that your medical team and loved ones will know exactly how to provide you the care you want and need.

Financial Power of Attorney 

Having someone who has the authority to take care of your estate and manage your finances is essential. A financial power of attorney grants an individual that you trust the legal authority to make certain financial decisions on your behalf. They can manage your will, trust, or other tools you choose to protect your assets.

These are just a couple of the things that you can achieve with a strong estate plan. Getting started on an estate plan can be overwhelming for many people, but with the help of an estate planning lawyer like one from Klenk Law, the process can be done more efficiently.