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What is included in an estate plan?
An estate plan typically includes key documents such as a will, trust, power of attorney, healthcare proxy, and advanced directives. These tools work together to manage your assets, healthcare decisions, and other important matters during your lifetime and after your passing.
What happens if I die without a will?
How can I avoid probate?
How often should I update my estate plan?
It’s recommended to review and update your estate plan every 3-5 years or after major life events, such as marriage, divorce, the birth of a child, or significant changes in financial circumstances. Keeping your estate plan current ensures it reflects your wishes and adheres to updated laws.
What are the benefits of having a power of attorney in my estate plan?
A power of attorney allows you to designate someone you trust to manage your financial and legal affairs if you become incapacitated. This ensures your assets and obligations are managed according to your wishes, avoiding unnecessary delays or court interventions.