Estate Planning Series
Estate Planning · 101
What an Estate Plan Actually Is
— and Why You Need One
Picture this: you're in a serious car accident. You survive — but you're incapacitated. Who pays your bills? Who makes medical decisions? Who runs your business? Without an estate plan, the answer is a judge.
An estate plan isn't just about dying. It's about who has authority over your life, your money, and your family — across every situation you can't handle yourself.
of Americans don't have a will
Of those who do, fewer than 30% have a trust. Most families discover what's missing during the worst week of their lives.
The Six Core Documents
A complete estate plan isn't a single document. It's a coordinated set — each piece handles a different situation.
Last Will & Testament
Says what happens to your stuff
Directs how assets are distributed after death. Goes through probate court to be carried out.
Revocable Living Trust
Avoids probate, controls assets while alive + after
A separate legal entity that holds your assets. You control it during your life; your successor trustee takes over at death — without court involvement.
Durable Power of Attorney
Someone manages your money if you can't
Authorizes a person you choose to handle financial matters if you become incapacitated. "Durable" means it survives incapacitation.
Healthcare Power of Attorney
Someone makes medical decisions if you can't
Names a healthcare agent to make medical decisions on your behalf when you can't speak for yourself.
Living Will
Your end-of-life wishes in writing
Documents your preferences about life-sustaining treatment — feeding tubes, ventilators, resuscitation — so your family doesn't have to guess.
HIPAA Release
Authorizes who can see your medical records
Lets named family members access your medical information from providers. Without it, even immediate family can be blocked.
Don't leave it to a judge.
We'll walk through your situation, document what you have, and identify exactly what's missing — without selling you on anything until you're ready.
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Sources
AARP estate planning research · NAEPC
Educational content only. Not legal or financial advice. Estate law varies by state. Consult a licensed attorney and advisor for your specific situation.