Estate Planning
Estate Planning Roll Call: Important Legal Tools You Should Have
August 1, 2024
You've likely heard the term estate planning, but may not be familiar with the specific legal tools that make up a complete plan. Each one has a job.
A will names guardians and directs probate. A revocable trust avoids probate. A durable power of attorney handles finances if you can't. An advance directive covers healthcare decisions. Beneficiary designations control retirement and life insurance. Skip one and the plan has a gap.
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