While planning for the future, there are a few basic documents that make up the core of estate planning: a Will, a Power of Attorney, a Medical Power of Attorney, and an Advanced Directive. Each of these documents serves a very important purpose and can potentially save hours of work and thousands of dollars.
The first document to learn about is a Will. At the very least, a will should define who your family is, how you want your assets distributed after you die, and who should be responsible for distributing your assets.
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