Thursday, March 26, 2015
5 Estate Planning Documents Every Young Professional Should Have
1. Durable Financial Power of Attorney.
2. Health Care Power of Attorney.
3. Last Will and Testament.
4. Beneficiary Designation.
5. Beneficiary Deed.
After the necessary documents are executed, be certain that one set of originals is placed in a safe or safe deposit box in your bank and let your family know that the documents are there. It is wise to re visit these documents when a major life event occurs, such as a wedding, a birth or even a death, to ensure no changes to your documents should be made. If no major life events occur, it is always a good idea to contact your estate planning attorney every five years to ensure there have been no substantive changes in the laws that may affect your documents. The above information is based on the laws of the State of Arizona.
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5 Estate Planning Documents Every Young Professional Should Have >