If you’re approaching 50 or past that mark or you have property worth more than $100,000, then your complete estate plan would include:
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Will*
This document details how you want your assets and possessions distributed after your death. A pour over will works in conjunction with a Living Trust, “pouring” assets outside the trust into the trust when you die.
Revocable – “Living” – Trust*
A plan that keeps your assets under your control, but specifies in detail who gets what and when after you die.
Power of Attorney*
(for financial matters) Names an individual to act in your behalf on specified matters should you be incapacitated.
Advance Health Care Directive*
Appoints an agent who will carry out your wishes for healthcare if you are unable to communicate for yourself.