Planning your estate is essential to protect you and your loved ones should you fall ill or pass away unexpectedly. Writing your Will is the first step, but it’s important to understand that there are assets that your Will doesn’t cover automatically.
What is an Estate Plan?
An estate plan includes making a Will, setting up trusts, choosing an executor, setting out your wishes for your funeral and more.
An estate plan consists of the following parts:
This document outlines how you would like your estate to be distributed, and your young children (if you have them) taken care of, after your death.
Enduring Power of Attorney
This document allows you to nominate a person to manage your financial or legal affairs on your behalf.
Medical Decision Maker
This element allows you to choose a trusted person to make medical decisions for you.
Advanced Care Directive
Here you can outline your wishes regarding health and medical decisions, to be communicated to your medical decision maker.
How We Can Help
You can start planning for your estate by using the Willed platform to design and build your Will. Once you are ready, one of our Wills & Estate Experts can review your Will to make sure it’s correct.
Create your own legally valid Will online using the Willed Platform
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Disclaimer: The content of this blog is intended to provide a general guide to the subject matter. This blog should not be relied upon as legal, financial, accounting or tax advice.