What documents are needed for estate planning?
What documents are needed for estate planning? Min Austria Assistant at Ascent Law LLC Anyone who does not have a will is considered to be “intestate,” which in legal terms means that their estate is subject to rules established by the state in which they live. If you die intestate, your estate will be distributed according to the laws of your state. In some states, spouses and children are entitled to some of your assets. The following documents are needed for estate planning: -Will: This document names an executor (person appointed to administer an estate) and lists how you want your property divided. -Durable power of attorney: This gives someone the right to act on your behalf concerning financial and other matters while you are living. (This document also allows the person authorized by it to make health care decisions if you become incapacitated.) -Living will: This document lets doctors know what measures should be taken if you are terminally ill or permanently unconscious...