What does the typical estate plan include?

Every estate plan is different and depends on the individual’s goals as well as family dynamics, so it is difficult to generalize. However, a number of estate plans require HIPAA waivers, healthcare proxies, and durable powers of attorney to facilitate financial and healthcare decision if you become incapacitated, and wills to dispose of your assets upon death. Some individuals may also benefit for the establishment of living trusts. Living trusts are more likely to be recommended where there are tax issues, minor beneficiaries, and in the case of blended families.