 |
 |
 |
 |
It's easy to know when to renew your driver's license or credit card; just look at the expiration date on the card. But what about your estate planning documents? Everyone, regardless of whether you are rich or poor, young or old, should have these three essential documents—and keep them current.
| Document | What it is | Where to keep it | When to update it |
|---|---|---|---|
| Will/Living trust | Directs your trustee or personal representative on how to distribute your estate | In a fireproof emergency kit; give a copy to your personal representative | Every 3-5 years or immediately after:
|
| Durable power of attorney | Allows someone of your choice to carry out financial matters for you in the event of your illness or disability | In a fireproof emergency kit; give a copy to the person you appointed | If your relationship with this person changes of if this person predeceases you |
| Health care proxy and living will | Names an individual to make health care decisions if you become unable to do so | Give copies of the form to your health care providers and the person you chose in the proxy | If your relationship with this person changes or if this person predeceases you |
Quick Tip: As you make or update your estate plan, if you are considering naming us in your will, please let us know so we can thank you.
Copyright © The Stelter Company, All rights reserved.
The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.
