Savings and Investments

Wills Legal document that specifies how you

want your property to be distributed after your death.

Intestate Die without a legal will State will step in and control the distribution of

your estate. Probate

Legal procedure of proving a will to be valid or invalid.

Wills Simple will

Leaves everything to your spouse Formal will

Prepared by an attorney. Holographic Will

Handwritten will that you prepare yourself Needs to be written, dated, and signed entirely

in your own handwriting.

Other Legal Documents Trusts

Legal arrangement that helps manage the assets of your estate for your benefit or that of your beneficiaries.

Living Will Document in which you state whether you want to be

kept alive by artificial means if you become terminally ill and unable to make such a decision.

Power of Attorney Legal document that authorizes someone to act on your

behalf.

Guardian Person who accepts the responsibility of:

1. Providing children with personal care after their parents’ death

2. Managing the parents’ estate for the children until they reach a certain age