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What Assets Make Up My Estate

Your ‘estate’ is made up of all the property you own. This can include:

  1. Houses
  2. Cars
  3. Clothing
  4. Land
  5. Jewelry
  6. Investments
  7. Retirement accounts
  8. Cash
  9. Savings

estate planning

What is an Estate Plan?

There are 5 main components of an estate plan:

  • Wills or Trusts. Both of these are legal documents that state where the distribution of your property or assets will go.
  • Financial Power of Attorney (POA). A legal document that explains who will handle your financial affairs.
  • Medical or Healthcare Power of Attorney (POA). This document designates who will make your healthcare decisions if you are unable to do so.
  • Living Wills. This legal document gives you the opportunity to lay out your medical wishes or preferences.
  • Beneficiary Designations. Your plan should also consist of who your beneficiaries are, and what they will be receiving responsibility for.

Work With a Lawyer to Create Your Simple Will

IDG Legal provides legal assistance to members in creating their Simple Will for free. For more information or immediate assistance, fill out a form by tapping below.

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