What documents should I include in an estate plan? – Carpenter & Lewis PLLC

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Transcript:

00:00:03 A basic estate plan in Tennessee typically involves four key documents. First, a last will and testament, and that’s where you decide who gets your assets, and if you have children under 18, who takes care of them. If you die without a will, state law dictates who gets what. Second, a durable financial power of attorney lets someone that you trust make financial decisions if you’re not able to. if you become sick or injured or just not able to make decisions. Third, a health care power of attorney allows you to name a person to

00:00:35 make medical decisions for you if you are not able. Fourth, a living will, also called an advanced directive, let you express your preferences on artificial life support, feeding tubes, and that sort of information uh for end of life care. These four documents work together to protect your wishes and ease the burden on your loved ones. Finally, in addition to these four documents, over 80% of our clients choose to add a revocable living trust. Check out our other videos on these four topics, as well as to learn

00:01:08 about the different types of trusts.