4 Essential Estate Planning Documents | Estate Planning TV 003
Today, we talk about more basics to lay the foundation for Estate Planning greatness – The 4 Essential Estate Planning Documents.
1. Power of Attorney. this is the document that allows someone, a person that you name, to manage your financial affairs if you are unable to do so. If you do not have this in place, the court will assign for you. You would need to pay the court and the person who the power of attorney work is assigned to.
2. Medical Power of Attorney. This person is responsible for making health care decisions on your behalf if you can’t. It could cover things like course of treatment, being out in a nursing home, and the like.
3. Health Care Directive. This covers those instances when sun are brain dead. The Health Care Directive aims to provide to the world turn intentions for yourself if you are ever in this state.
4. Your Will. This document will tell where your assets should go. If you do not have a will, the court will decide.