"Everyone over 18 should have a Will" - Dave Ramsey
But a will is not enough in most cases.
Having a will makes settling your estate easier than not having a will, but for most families this one document is not enough.
A trust allows for the smooth and immediate transfer of assets. You control how the assets are to be managed after your death. If you have children, a trust is a must.
A long-term guardian is a court approved individual who makes decisions regarding a minor child’s support, care, education, health, and welfare. By creating guardianship documents to accompany your will, you can ensure that your choice for your child’s guardian are made known.
Advanced medical directive
A living will gives direction to your agent (the same agent designated above) if you are terminally
ill. For example, you can specify the circumstances under which you wish to receive medical care,
including surgery, resuscitation, or life support.
Durable power of attorney
A medical durable power of attorney gives another person the authority to be your agent to make decisions on your behalf (such as: medical treatment, health care, personal care and/or residential placement). Should you ever be unable to make such decisions yourself.