What Is Estate Planning?

A simple overview of an important life-planning process

Estate planning is the process of deciding how your personal, financial, and healthcare matters should be handled if you become unable to make decisions or after you pass away.

An estate plan may include:

• A will

• A trust

• Financial power of attorney

• Healthcare power of attorney

• A living will

• Beneficiary designations

Estate planning isn’t only for wealthy people. Having a plan can help make your wishes clear and make things easier for the people you care about.

It’s also a good idea to review your estate plan periodically, particularly after major life changes such as marriage, divorce, a death in the family, or purchasing a home.

This information is educational and is not legal advic