Master Financial Freedom Master Estate Planning Secrets Today
An estate plan typically includes several key elements:
- Will: A legal document that outlines how your assets will be distributed and who will care for any minor children.
- Trusts: These can help manage your assets during your lifetime and distribute them after your death, often providing tax advantages and protecting assets from creditors.
- Power of Attorney: This designates someone to make financial decisions on your behalf if you become incapacitated.
- Healthcare Directives: These documents specify your medical treatment preferences and appoint a person to make healthcare decisions if you are unable to do so.