Five documents. Two questions.
Most people leave this for later — not because it's hard, but because nothing forces it. Only 24% of U.S. adults have a will, and 56% have none of the five core estate planning documents. It comes down to two questions: who decides for you while you're living, and who gets what once you're gone.
Names who can manage your money and legal affairs if you're unable to. The part people miss when they file estate planning under "later."
Names who can make medical decisions on your behalf if you can't speak for yourself. A different person than your financial POA, if you choose.
Records what treatment you would and wouldn't want in a medical crisis. Removes an impossible decision from the people who love you, at the moment they're least equipped to make it.
Directs what happens to what you own and, for parents, who would raise your children. Without one, state law decides — and state law doesn't know your family.
Can hold assets and direct them under conditions you set. Often used to avoid probate — the court process that settles an estate, which can take months and is a matter of public record.
Educational overview only. Ayonic Wealth Protection is not a law firm and does not provide legal advice. Wills, trusts, powers of attorney and healthcare directives vary by state — an estate planning attorney or the resource below can help you create documents valid where you live.