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Three Estate Planning Documents Everyone Needs

Your estate includes all of your financial assets, bank accounts, life insurance, pensions, real estate, cars, personal belongings, and debts. If you don’t have a strong estate plan in place when you die, your loved ones will be left to sort out all of these details, which can end up costing them substantial amounts of time and money. In this blog, we explain three important documents that you need to make sure you include in your estate plan if you want to ensure your assets and interests are fully protected.

#1: Financial Power of Attorney

The first document you need to make sure you have is a durable financial power of attorney. With a financial power of attorney, you can name a specific person to handle your finances if for any reason you can’t do it yourself. The person you designate will be able to pay your bills, file taxes, and cash checks on your behalf.

#2: Advanced Health Care Directive

With an advanced health care directive, you can designate a person you trust to make medical decisions on your behalf. Your designated agent can choose a doctor, access your medical records, and decide whether or not you should be taken off of life support. If you have an advanced health care directive, you need to make sure your physician has a copy on file.

#3: Last Will & Testament

This document will specify which people you want to inherit your assets and property. Most people use their last will and testament to allocate their personal belongings and sentimental items to loved ones. You can also name a guardian for your minor children in your will.

Speak to an Estate Planning Attorney Today

At The Smith Willis Firm, we understand how important it is to make sure your assets are protected and your loved ones are taken care of after you pass away. That is why we are here to assist you with all of your estate planning matters. Stop by our law office today to review the details of your estate and come up with a strong legal strategy that protects your interests.

Call (770) 766-5811 to request your case consultation with a member of our law firm.

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