Estate planning can be one of the best gifts you leave behind for friends and family. Not only can you decide what gifts you will leave your loved ones through estate planning, but having an estate plan in place usually saves family or friends time and money.
From a practical standpoint, here are the four estate planning documents that should be prepared before death: Last Will and Testament, a power of attorney for finances, a power of attorney for healthcare, and a living will.
Generally, the best estate plans are prepared by local attorneys. Documents that are prepared based upon information found online often cause more difficulties for friends and family post-death.