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Adulthood Means Getting 10 Estate Planning and Other Documents

is skilled in drafting estate planning documents that are precise and clear. In addition to an attorney, many other people can be involved in the estate planning process, including accountants, life insurance agents, trust officers, and financial planners. Your ad-visors should remain in contact with the family and review the estate plan from.

Estate planning is the process of designating who will receive your assets and handle your responsibilities after your death or incapacitation.. Your will and other documents may spell out your.

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For many couples that means. a default estate plan, married couples get additional benefits like the unlimited marital.

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Estate Planning Documents This product provides information and general advice about the law. But laws and procedures change frequently, and they can be interpreted differ-ently by different people. For specific advice geared to your specific situa-tion, consult an expert. No book, software, or other published material is a

While most U.S. adults age 18 and over have not done the needful, 81 percent of those age 72 or older and 58 percent of boomers (ages 53-71) do, in fact, have estate-planning documents. The study, conducted in January, asked more than 1,000 respondents whether they had estate-planning documents in case of their death.

The principles of estate planning are the same in every state: You want to get your affairs in order so that after your death, your assets will go to the people you want to inherit them, family members aren’t confused or angry, unnecessary costs and delay are avoided, and someone you trust has authority to make sure your wishes are followed.

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But it’s also a critical aspect of managing your assets and protecting your family, which is why it’s surprising that nearly 6 out of 10 Americans are unprepared for the inevitable. According to a new Caring.com survey, only 42 percent of U.S. adults currently have estate planning documents such as a will or living trust. For those with.