Estate planning typically involves the preparation of several key documents:
Will: Specifies how assets will be distributed after death. Living Will: Outlines the type of medical care a person wishes to receive if they are unable to communicate their decisions. Power of Attorney: Designates someone to make financial and legal decisions on behalf of the patient. Healthcare Proxy: Appoints a person to make healthcare decisions if the patient is incapacitated. Trusts: Can manage and protect assets, potentially offering tax benefits.
