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5 Steps to Organize Estate Documents for Your Executor 5 Steps to Organize. ... Step 1: Create a checklist of important documents (and their locations) ... Step 2: List the names and contact information of key associates. ... Step 3: Catalog your digital asset inventory. ... Step 4: Ensure all documents are organized and accessible.

In summary, estate planning is important because it allows you to have control over the distribution of your assets after your death, minimise taxes and other expenses, protect your assets, ensure that your loved ones are provided for and make arrangements for long term care and incapacity.

At a bare minimum, there should be two main components: a last will and testament and a durable power of attorney. In addition to these parts, you can add things such as a trust and even medical directions. These are the main components of an estate plan that you should consider, including in your comprehensive plan.

The cost for comprehensive estate plan drafting in Arkansas can range from $900 to $4250, depending on the complexity of your estate and the attorney's experience. The cost of creating a will in Arkansas typically ranges from $250 to $850. A trust in Arkansas, on the other hand, can cost between $900 and $2950.

4 essential estate planning documents A will distributes assets upon death. A power of attorney manages finances. Advance care directives manage your health. A living trust is an alternative to a last will.

Valid Wills Anyone can make a will, as long as they are at least 18 years old and of sound mind. This means that a court or other agency has not declared you incompetent and that you have the legal ability to understand your choices.