Number Pages In Legal Indiana Estate Planning Forms For Free

This type of planning helps determine who can make decisions on your behalf, who takes care of your dependents, and how to avoid unnecessary taxes and waiting periods. Estate planning covers any decisions regarding money, property, medical care, dependent care, and other matters that can arise when a person dies.

What Is an Estate Plan? An estate plan is a collection of documents and includes a will, guardianship designations, healthcare power of attorney, beneficiary designations, durable power of attorney, and a personal letter of intent, outlining your wishes, should you die or become incapacitated.

A: While there are many different ways to approach estate planning, the four foundational documents we're focusing on here are wills, trusts, advance directives, and powers of attorney.

The 4 legal documents every adult should have A will. Also known as: a last will and testament. ... A living will. Also known as: an advance directive. ... Durable health care power of attorney. It appoints: a health care proxy. ... Durable financial power of attorney. It appoints: an attorney-in-fact or agent.

The four main documents needed for estate planning are a will, a living will, a durable power of attorney for financial matters, and a durable power of attorney for health care.

Contents. A comprehensive estate plan typically includes four estate planning documents. These documents include a financial power of attorney, an advance care directive, and a living trust or a last will. Here's what each of these documents accomplishes.