What Estate Planning Documents Do I Need?

Why Estate Planning Documents Matter

Estate planning is not just for the wealthy. Every adult needs basic documents to protect themselves and their families. Without a will, your state's intestacy laws determine who inherits your assets. Without a power of attorney, your family may need to go through an expensive guardianship proceeding to manage your finances if you become incapacitated.

The documents you need depend on your situation — your age, marital status, whether you have children, and the types of assets you own. Our assessment tool analyzes these factors to give you a personalized recommendation. Common documents include:

• Last Will and Testament — directs how your assets are distributed
• Revocable Living Trust — avoids probate and provides management during incapacity
• Power of Attorney — authorizes someone to handle your finances
• Healthcare Directive — documents your medical wishes
• Guardian Nomination — names a guardian for minor children

Not sure where to start? Take our free assessment above, or explore our Will vs. Trust comparison and Estate Value Calculator tools.