When you are planning your estate, there are many legal documents you can choose to create. Estate plans typically include a will, a power of attorney a healthcare power of attorney. In the estate-planning process, many people also choose to create a trust for their loved ones.
People often assume that estate planning is only for the very wealthy. That it is a means of organizing wealth into complicated funds and trusts. The reality is that estate planning is for everyone. It doesn't require you to have amassed assets and property, it can be as simple as drafting a few pages of legal documents.