Burr-Law - Estate Planning Lead Magnet - Flipbook - Page 6
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Essential Estate Planning Documents
Last Will and Testament
Your Will outlines how your assets will be distributed upon your death and appoints an executor to
manage your estate.
Durable Power of Attorney
This document designates an agent to manage
your financial affairs if you become incapacitated.
Healthcare Power of Attorney
A Healthcare Power of Attorney designates an
agent to manage your health and medical care
if you become incapacitated.
Advance Healthcare Directive
An Advance Healthcare Directive (also called a
living will) outlines your preferences for
end-of-life care, such as life-sustaining treatments, pain management, and organ donation.
Revocable Living Trust
A revocable living trust allows you to
transfer assets into a trust, managed
by a trustee, for the benefit of your
beneficiaries. It can help you avoid
probate, maintain privacy, and provide
for incapacity.
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Planning for Incapacity
Guardianship and Conservatorship
If you have minor children or dependents with special needs, appoint a
guardian to care for them if you
become unable to do so. In addition,
consider a conservator to manage their
financial affairs.
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