Five Most Important Estate Planning Documents Every Adult Must Have in Place
In this video, Vitaly is talking about 5 most important estate documents that he believes every adult must have in place. These documents can protect you, your loved ones, and your assets from an unnecessary risk. Putting off adopting these documents can result in taking on additional risk and irreversible negative consequences for you and loved ones.
The most important estate documents you will learn about are:
Last will and testament
Health care proxy (aka medical power of attorney)
Durable Power of Attorney
Revocable Living Trust (optional)
By adopting these documents sooner rather than later, one can significantly reduce legal and financial risk while protecting assets and loved ones.