Your Last Will and Testament lists how you want to distribute your assets after you're gone. This is NOT a living will. In this document, you name an executor to manage your estate based on your wishes and assign beneficiaries to inherit your assets.
A Living Trust places your assets into a trust and designates how the assets will be distributed. Unlike a last will, a trust can avoid the probate process, which saves your beneficiaries time and money.
If you don’t have a Last Will and Testament and/or Living Trust, it’s time to get it done! You can either hire an attorney or do it yourself with an online service like Legal Zoom. Whatever you’re more comfortable with, DO IT!
An Advance Directive is a legal document that ensures that your health choices are followed. Every state and most countries have their own advance directive forms. I’ve done the heavy lifting for you! FREE advanced directive!
The Financial Power of Attorney gives the person you choose the legal ability to act on your behalf and help manage your financial affairs while you are still living, such as selling property, managing your bills, etc. This is customizable to include a specific task or to handle all of your finances.