Essential Documents You Need for a Foolproof Estate Plan
When most people hear “ estate planning ,” they imagine something reserved for the ultra-wealthy with sprawling mansions and investment portfolios. The truth is far more straightforward: if you own anything—a modest home, a car, or even a checking account—you already have an estate. And if you care about who inherits those things or who makes decisions if you can’t, you need a plan. Estate planning isn’t about money alone ; it’s about peace of mind. At the center of that peace are the documents that make your intentions crystal clear . Why a Last Will Isn’t Optional Think of a will as your voice after you’re gone. It’s where you name who gets what, who should care for minor children, and even who will handle the details of wrapping up your affairs. Without one, the state decides on your behalf, often leading to family disputes and expensive delays. For example, if you assumed your oldest child would naturally inherit the family home, the law might split it among all your child...