What are the different types of estate planning documents?
When creating an estate plan in the state of Washington, there are a variety of documents you may use. Some of the common documents used in estate planning are wills, trusts, health care powers of attorney, and durable financial powers of attorney. A will is a document that allows you to choose who receives your property after you die. The will also allows you to name an executor to manage your estate. A trust is a separate legal entity that holds property for the benefit of another person. Trusts can be used to manage your estate and help avoid probate. A health care power of attorney is a document that allows you to appoint someone to make medical decisions for you if you become incapacitated. A durable financial power of attorney is a document that allows you to appoint someone to manage your finances if you become incapacitated. These are some of the most common documents used when creating an estate plan in Washington. Depending on your specific needs, there may be other documents used in your estate plan. It is important to consult with a qualified estate planning attorney to ensure that your estate is properly managed and your assets are distributed according to your wishes.
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