Master Estate Planning Basics Securing Your Family's Future

Key Components of Estate Planning

A comprehensive estate plan typically includes several essential documents. A will is the cornerstone, detailing how your assets should be distributed. Trusts can provide more control over asset distribution and may offer tax benefits. Powers of attorney allow you to designate someone to make financial and healthcare decisions if you become incapacitated. Healthcare directives outline your medical preferences in case you're unable to communicate them.