What is an Estate Plan?
An estate plan is a group of documents that detail what you want to happen if something happens to you. A comprehensive estate plan:
Names a guardian to care for minor children if something happens to their parents.
Names a conservator and/or successor trustee to manage any assets left to minor children.
Creates a distribution plan for assets and property after death.
Name a personal representative to administer a deceased person’s estate.
Name a successor trustee to manage assets owned in trust.
Names an agent to make health care decisions if you are unable to do so yourself.
Name an agent to handle a person’s finances if they are unable to do so on their own because they are ill or incapacitated.
States your wishes about medical treatment that would only serve to artificially prolong life if you are in a persistent vegetative state or suffering from a terminal condition.