![]() ![]() Many people choose to prepare advance directives, which are legal documents that provide instructions for medical care and only go into effect if you cannot communicate your own wishes due to disease or severe injury. A living trust names and instructs a person, called the trustee, to hold and distribute property and funds on your behalf when you are no longer able to manage your affairs.Ģ.A durable power of attorney for finances names someone who will make financial decisions for you when you are unable to. ![]() If you do not have a will, your estate will be distributed according to the laws in your state. A will can also address care for children under age 18, adult dependents, and pets, as well as gifts and end-of-life arrangements, such as a funeral or memorial service and burial or cremation.
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