An estate plan outlines your wishes for managing your assets, finances, and health decisions during your lifetime and after you pass away. It typically includes a set of legal documents—such as a will, living trust, power of attorney, and health care directive—that work together to protect you and your family.
A living trust allows you to place your assets into a trust managed by a trustee who follows the instructions you outline. This helps your loved ones avoid probate, ensures your assets are distributed according to your wishes, and can provide protection for beneficiaries.
A power of attorney authorizes someone you trust to manage your financial and legal affairs if you cannot.
A health care directive allows you to document your medical preferences and appoint someone to make healthcare decisions on your behalf. Estate planning ensures your assets are protected, your wishes are honored, and your family is cared for during life’s unexpected events and after your passing.
