A living trust names and instructs a person, called the trustee, to hold and distribute property and funds on your behalf when you are no longer able to manage your affairs.Ģ.A durable power of attorney for finances names someone who will make financial decisions for you when you are unable to.If you do not have a will, your estate will be distributed according to the laws in your state. A will can also address care for children under age 18, adult dependents, and pets, as well as gifts and end-of-life arrangements, such as a funeral or memorial service and burial or cremation. A will specifies how your estate - your property, money, and other assets - will be distributed and managed when you die.Share this infographic to spread the word about getting your affairs in order. Common documents include a will, durable power of attorney for finances, and a living trust. Depending on your situation, you may choose to prepare different types of legal documents to outline how your estate and finances will be handled in the future. This list provides common steps to consider when getting your affairs in order.ġ. Checklist for getting your affairs in order Being prepared and having important documents in a single place can give you peace of mind, help ensure your wishes are honored, and ease the burden on your loved ones. Yet, planning for the future can make all the difference in an emergency and at the end-of-life. No one ever plans to be sick or disabled. What other decisions can you prepare for in advance?.Who can help with getting your affairs in order?.Which documents do you need to have in place?.Checklist for getting your affairs in order.
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