Ever wonder what estate planning is all about? It might sound complex, but it’s one of the kindest things you can do for your family.
At its heart, it’s simply a way to make sure your wishes are clear, protecting your loved ones from stress and uncertainty during a difficult time. We found this video and thought you might find it useful!
This video is a fantastic resource for understanding the fundamentals of estate planning. It provides a straightforward overview of the components of a solid plan and the various legal documents used to put it into effect, including:
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Will: Defines asset distribution and names guardians.
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Durable Power of Attorney: Authorizes someone to manage financial affairs if you can’t.
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Healthcare Proxy (also called a Medical Power of Attorney or Health Care Agent): Appoints someone you trust to make medical decisions if you’re unable.
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Living Will (sometimes called an Advance Directive): Outlines your preferences for medical treatment and end-of-life care.
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HIPAA Authorization: Allows someone to have access to your medical history.
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Thanks to our friends over at Tradeoff.
Disclaimer: We’re sharing this because we found it useful or insightful. All views expressed belong to the original creator. We’re not responsible for the content’s accuracy or any actions taken based on it—please use your own judgment and consult a professional if needed.
