The 5 Legal Documents Every Adult Should Have for Estate Planning
Every adult needs these five essential estate planning documents: will, power of attorney, healthcare power of attorney, advance directive, and a list of important information.
Why Estate Planning Is Important at Every Age
Many people think estate planning is only for the elderly or the wealthy, but the truth is, every adult should have a basic estate plan in place. Accidents, illness, and unexpected events can happen at any time. Having the right legal documents prepared ensures your wishes are honored and your family isn’t left guessing.
Whether you’re just starting out, have a growing family, or are planning for retirement, these are the five must-have estate planning documents every adult should have:
- Last Will and Testament
A will outlines how you want your property and assets distributed after your death. It also allows you to:
- Name an executor for your estate
- Appoint a guardian for minor children
- Prevent disputes among heirs
Without a valid will, your estate will be settled according to North Carolina’s intestacy laws—which may not reflect your wishes.
- Durable Power of Attorney (Financial)
A durable power of attorney gives someone you trust the authority to manage your finances if you become incapacitated. This can include:
- Paying bills
- Handling banking and investments
- Managing real estate or business interests
- Stepping in for legal claims
It helps avoid costly court proceedings (like guardianships) and ensures someone you choose is in charge.
- Healthcare Power of Attorney
Also called a medical power of attorney, this document lets you name a healthcare agent to make medical decisions on your behalf if you are unable to speak for yourself. You can also specify your funeral and burial preferences.
Choosing a trusted person ensures your healthcare preferences are respected during a crisis.
- Advance Directive (Living Will)
A living will, or advance healthcare directive, allows you to specify your wishes regarding life-sustaining treatments. You can state your preferences for:
- Life-prolonging measures
- Incurable or irreversible conditions
- Long-term comas
- Advanced dementia or substantial loss of cognitive ability
- Feeding tubes and IV hydration
This document helps loved ones make difficult decisions with confidence, knowing they’re honoring your wishes.
- Important Information & Next Steps List
Though not a legal document, this list can be a lifesaver for your loved ones. It should include:
- Contact info for attorneys, financial advisors, and insurance agents
- Account information and passwords
- Instructions for digital assets
This list ensures your family has the guidance they need when the time comes.
Start Your Estate Plan Today
Don't wait for a life event to start thinking about estate planning. These five documents form the core of a responsible legal and financial future. Whether you're updating old documents or starting fresh, our estate planning attorney is here to help.