Transform Worry into Peace Estate Planning Secrets Revealed
Key Components of Estate Planning
A comprehensive estate plan typically includes several key elements: wills and trusts, power of attorney, healthcare directives, and beneficiary designations. Each of these components plays a critical role in ensuring your assets are distributed according to your wishes. For instance, a will dictates how your property is to be distributed, while a trust can help you avoid probate court, potentially saving time and money1.