What You Need to Know About Powers of Attorney
/A power of attorney (POA) is a legal form that allows someone to act on your behalf. The person you name to act on your behalf is called your attorney-in-fact. For instance...
Read MoreA power of attorney (POA) is a legal form that allows someone to act on your behalf. The person you name to act on your behalf is called your attorney-in-fact. For instance...
Read MoreWhat is an estate plan?
Everyone has an estate, and it is comprised of everything you own – car, home, bank accounts, investments, life insurance and personal possessions. No matter how large or small, we all have something in common – you can’t take your possessions with you when you die. Most people think of an estate plan as how and to whom your estate will be distributed after your death, but an estate plan also includes documents that are used during life.
What documents are included in an estate plan?
Other documents may be used in an estate plan as needed, but these are the most common:
How do I get an estate plan?
The easiest way to set up an estate plan is to visit with an estate planning attorney. The attorney will draft documents based on your situation and will make sure they coordinate with state law. Be sure to note special situations, such as blended families or special needs children acquire the services of an experienced estate planning attorney to avoid unintended consequences.
Content Prepared by Elizabeth Braden, CFP® from Worley Erhart-Graves Financial Advisors
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