5 Elements of a successful Estate Plan
Regardless of its size, a successful estate plan needs the following 5 elements in place to manage your estate.
- A living will stating the care you want if you become incapacitated and unable to make your wishes known.
- A healthcare power of attorney that names someone to make medical decisions for you if you become incapacitated.
- A financial power of attorney granting a person you trust the authority to make financial decisions on your behalf and use your assets to pay your bills if you become incapacitated.
- A will which directs how assets should be distributed upon your death unless the asset...