a) A will is the essential document in an estate plan. It is a legal document stating how you want your property and assets to be distributed after death. You can also use a will to appoint a guardian for your minor children.
b) A living trust is a legal document that can hold your assets and property during your lifetime and distribute them according to your wishes after death.
c) A financial power of attorney appoints someone to handle your financial affairs if you become incapacitated.
e) A living will, also called a directive to physicians, expresses your wishes regarding life-sustaining medical treatment if you become terminally ill or permanently unconscious.
f) Beneficiary designation forms name the people receiving your assets through payable-on-death accounts and retirement plans.