Summary
Estate planning helps protect your family and ensures your wishes are followed if you die or become incapacitated. Experts recommend hiring a qualified local attorney, creating a detailed inventory of your assets and debts, and selecting trusted people to serve as executor, healthcare proxy, financial power of attorney, and guardian for minor children. Essential documents include a will, a living will, and healthcare and financial powers of attorney. Store updated documents securely, destroy outdated versions, and share copies with key individuals. Review and revise your estate plan after major life events, financial changes, or changes involving beneficiaries or appointed representatives.
ABC News
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