Will-based Estate Planning Packages include all essential documents that everyone should have in place, no matter your age or income bracket: a Last Will and Testament, Durable Power of Attorney, Living Will, and a Designation of Health Care Surrogate.
Last Will and Testament: A will is a document that allows you to control how your assets are distributed after your death. It appoints an executor to handle your affairs upon death, explains how your property and money are to be distributed, and appoints a guardian to care for minor or dependent children.
Power of Attorney: A written instrument in which you name an individual to act on your behalf in financial affairs (e.g., signing a deed, opening a bank account, signing checks, filing taxes, etc.) should you become incapacitated.
Living Will Declaration: A living will makes your desires known by specifying how much treatment you want to receive in case of terminal or irreversible illness, end-stage condition, or persistent vegetative state.
Designation of Healthcare Surrogate: This document allows you to nominate an individual to make medical decisions on your behalf in the event you become incapacitated or otherwise unable to communicate.