Estate Planning Essentials: 4 Documents Every Family Needs

Estate planning isn't just for the wealthy or elderly. Anyone with property, children, or end-of-life preferences needs basic legal documents to protect their family and ensure their wishes are honored. This guide explains the four essential estate planning documents everyone should have. What You'll Learn: ✓ Why estate planning matters for every family ✓ Last Will and Testament - what it covers and doesn't cover ✓ Revocable Living Trust - how to avoid probate ✓ Durable Power of Attorney for Finances - protecting affairs if incapacitated ✓ Advance Healthcare Directive - ensuring medical wishes are followed ✓ Beneficiary designations and why they matter ✓ Common estate planning mistakes to avoid ✓ When DIY is appropriate vs when to hire an attorney The Four Essential Documents: Last Will and Testament - Specifies asset distribution, names guardians for minor children, designates executor Revocable Living Trust - Avoids probate, maintains privacy, provides incapacity protection Durable Power of Attorney - Designates someone to handle finances if you're incapacitated Advance Healthcare Directive - Specifies medical treatment preferences and healthcare decision-maker Key Takeaways: Without estate planning, courts and state law decide everything