What is Estate Planning?

Estate Planning Basics

Typically, a basic estate plan will include:

  • A valid and legally enforceable will that names your heirs
  • A revocable living trust, which enables your family to avoid probate as well as guides asset management and decision-making if you become incapacitated during your lifetime
  • Powers of attorney for financial management and health care decision-making in case you are unable to handle these yourself at some point
  • Nomination of guardians for minor children