4 Important Documents You Need in Estate Planning
This week on Better Money Atlanta, Joel Johnson, CFP® talks about the four documents you’ll need when planning for your estate:
Will
A will allows your loved ones to know what you want in the event that you pass away.
Over 50% of American adults do not have a will prepared.
Power of Attorney
In the circumstance that you can no longer make decisions for yourself, this person is appointed to make them on your behalf.
These decisions can be related to finances, health care, etc.
Health Care Directive
A spouse or loved one is appointed to make health care decisions when you cannot make them yourself.
Some people may choose to include specific instructions, such as ‘DNR’ if they enter a vegetative state.
Information Document
This is an informal document that will help the family of the deceased. It usually includes final wishes, bank account information, and passwords.
Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.
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