An estate plan can protect your loved ones from financial ruin in the event of your death. If you are seriously injured, an estate plan can guide your loved ones as they make medical decisions for you. At the very least, everyone should have a last will and testament. Yet over 50 percent of Americans have not gotten around to drafting one. A good estate plan can provide for your loved ones and ensure that your final wishes are carried out. Six standard documents – a Last Will and Testament, a Living Will, beneficiary forms, a durable power of attorney, and TOD and POD forms – can protect your family and greatly simplify their work after you are gone. You may also need or want a living trust. Prepare these now: your family will thank you.
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Ready to Start an Estate Plan? 6 Key Documents to Have