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Created: August 29, 2020
Modified: May 14, 2024

4 Important Documents You Need in Retirement

Joel Johnson, CFP® and Kara Sundlun discuss estate planning and how it fits into retirement planning on this weekend’s segment of Better Money on WFSB Channel 3.

A lot of people will put off estate planning because they do not want to think about the end of their life or leaving their loved ones behind. However, establishing a plan will take some of the weight off your family’s shoulders when you pass away. There are 4 estate planning documents you should have:


More than 50% of American adults do not have a will. If you pass away without one, the state you live in has one prepared for you and your money will most likely not be used how you want it to be.

Having your own will allows you to be in control of your assets, your money, and where your children will go if they are minors.

Power of Attorney

If you are injured or in the hospital, you can appoint someone to be your Power of Attorney.

Most of the time, it is the person’s spouse, and they can sign documents and trigger transactions on their behalf.

Health Care Directive

If you are unable to make decisions due to your health, the person you appointed can make decisions for you. You can include specific instructions such as deciding to do a surgery, a do-not-resuscitate order, and more.

Information Document

This is not a legal document, but it is a good way to communicate your wishes to your family should you pass away.

This document can consist of information like your passwords, bank account information, and your final wishes.

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.

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