As a lawyer, I can advise that an estate plan is a crucial component of ensuring that your assets are distributed according to your wishes after you pass away or become incapacitated. The following key documents should be included in an estate plan:
- Last Will and Testament: This document outlines how you want your assets to be distributed after your death, and can name an executor to carry out the terms of the will.
- Durable Power of Attorney: This document designates someone to make financial decisions on your behalf in the event that you are unable to do so due to incapacity or illness.
- Advance Directive or Living Will: This document sets forth your wishes for medical treatment and end-of-life care should you become incapacitated.
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