Estate Planning

Estate planning is the process of anticipating and arranging for the management and disposal of a person’s estate during the person’s life in preparation for a person’s future incapacity or death.

What are the 5 components of estate planning?

1. Wills and Trusts. …
2. Durable Power of Attorney. …
3. Medical or Healthcare Power of Attorney. …
4. Living Wills and Advance Directives for Medical Decisions. …
5. Beneficiary Designations.