How do I make a list of your assets and who you want them to go to?

Write down your bank accounts, retirement accounts, real estate, vehicles, and valuable personal property. For each, note who you would want to inherit it. This list becomes the foundation of your estate plan.

How do I choose the people who will carry out your wishes?

You will need to name: an executor for your will (handles your estate after death), a successor trustee if you have a trust (takes over if you become incapacitated or die), a durable power of attorney agent (handles finances if you are incapacitated), and a healthcare agent (makes medical decisions if you cannot).

How do I create your documents?

For a basic estate plan you need: a will, a durable power of attorney, and a healthcare power of attorney with an advance directive. Use an online service like Trust & Will (trustandwill.com) or Nolo (nolo.com) for affordable document creation, or hire a local estate planning attorney for more complex situations.

How do I sign and store your documents correctly?

Most estate planning documents must be signed in front of a notary and/or witnesses to be legally valid — requirements vary by state. Once signed, store originals in a fireproof safe or with your attorney. Give copies to your executor and agents. Tell your family where the originals are.

How do I review your plan every few years?

Life changes — marriages, divorces, births, deaths, moves to a new state, and major financial changes — can all affect your estate plan. Review your documents every 3–5 years or after any major life event to make sure they still reflect your wishes.

TekSure — Free Tech Help for Beginners & Seniors

Estate planning is not only for the wealthy. It is about making sure your wishes are respected — for your money, your belongings, and your medical care — if you become unable to speak for yourself or when you pass away.

Without any planning, state law decides who gets your assets and who makes decisions for you. That may not match what you actually want.

A will

A will (formally called a "last will and testament") is a document that says who gets your belongings after you die. You can name an executor — the person responsible for carrying out your wishes — and if you have minor children, you can name a guardian. A will goes through a legal process called probate, which can take months and become a public record.

A living trust

A revocable living trust is a legal arrangement where you place your assets into a trust that you control during your lifetime. When you die (or become incapacitated), a successor trustee you named takes over and distributes assets according to your instructions — without probate. Trusts offer more privacy and can save time and legal fees, but they take more effort to set up.

Durable power of attorney

A durable power of attorney is a document that gives someone you trust (your "agent") the legal authority to handle financial matters for you if you become incapacitated — paying bills, managing bank accounts, filing taxes. "Durable" means it stays in effect even if you become mentally incapacitated.

Healthcare power of attorney and living will

A healthcare power of attorney names someone to make medical decisions for you if you cannot. A living will (also called an advance directive) states your wishes about life-sustaining treatment. Together, these documents ensure your medical wishes are known and respected.

Getting started

You do not need to pay thousands of dollars to get basic documents in place. Online services like LegalZoom, Trust & Will, and Nolo offer affordable templates. For more complex situations — significant assets, blended families, business ownership — consult an estate planning attorney.

Quick Tip: Keep your documents in a secure but accessible place. Tell your executor and healthcare agent where to find them. A document no one can locate when needed is the same as no document at all.

Estate Planning Basics: Wills, Trusts, and Power of Attorney Explained

Make a list of your assets and who you want them to go to

Choose the people who will carry out your wishes

Create your documents

Sign and store your documents correctly

Review your plan every few years

A will

A living trust

Durable power of attorney

Healthcare power of attorney and living will

Getting started

Still have questions?

Official Resources

Still stuck? Let a pro handle it.

Related Guides