Estate planning isn't just for the wealthy. Every adult over 18 needs these five documents — without them, courts make decisions for you and your family during the most difficult times.
Essential Documents
- Will: directs asset distribution and names guardians for children
- Healthcare power of attorney: who makes medical decisions if you can't
- Financial power of attorney: who manages finances if incapacitated
- Living will/advance directive: end-of-life care preferences
- Beneficiary designations: retirement accounts and life insurance
Online services like Trust & Will ($159) and LegalZoom ($249) make basic estate plans affordable. Without a will, your state's intestacy laws determine who gets what — often not what you would choose.
