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The Estate Planning Process. Estate planning involves determining how an individual's assets will be preserved, managed, and distributed after death. It also takes into account the management of an individual's properties and financial obligations in the event that they become incapacitated.

The Will must be in writing, signed by the testator, and signed by two witnesses. While a notary and self-proving affidavit are not required, they are highly recommended to ensure that the Will is successfully probated.

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.

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.

If your will is deemed invalid, it's the same as dying ?intestate,? without one. In Alabama, wills may be written out by hand. However, your will is only valid when you sign it in front of two competent people. Those people must then sign the will as your witnesses.

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.