Estate planning- How to protect those you love! [Video]

Did you know only four out of ten U.S. adults have a will or trust — if you don’t, there’s never a bad time to pull together an estate plan or revisit an existing one.
Consider the following:
• Estate planning is crucial for people of all ages and income statuses.
• If you have young children, you need, at a minimum, a designated guardian and instructions outlined in a trust should you encounter unexpected death or disability.
• Without a trust in place, a judge will make determinations about your child’s care and the distribution of your property – decisions that typically follow expensive legal proceedings.
• If you don’t have children in your home, your estate plan needs to address asset protection, property management, wealth distribution, and healthcare decisions.
• A basic estate plan involves four documents (or more, depending on your assets):
 A last will and testament
 A durable power of attorney
 A healthcare power of attorney
 An advance directive