Will: A Will is critically important for all adults regardless of wealth, marital status, or age.  A Will allows you to:

Ensure that your possessions will be distributed as you wish.  If you die without a Will, the law decides how your estate will be distributed.  Although some property will automatically be passed to a spouse or children, a Will is the only way to ensure that your wishes will be carried out.

Appoint an Executor. Writing a Will allows you to decide who will oversee and manage distribution of your estate.  Designating a trustworthy and impartial Executor provides peace of mind that the terms of your Will will be honored.

Appoint a guardian for minor children and Trustee of their estate. Your Will serves as the legal guiding document for care of minor children in the event of the death of both parents and a Trustee to oversee the property you leave for them.

Expedite the legal process. It is generally faster and less costly to settle an estate with a valid Will because there is less room for disputes.  Reducing legal fees protects the value of your property and savings to be passed to beneficiaries.

Financial Power of Attorney: Power of Attorney allows you to choose a trusted Agent to have the authority to make property, financial and other legal decisions for you. A Power of Attorney helps you to:

Avoid a conservatorship. A will only applies if you are dead.  If you become incapacitated, you will need someone to take over your financial affairs and use your assets for your benefit.  Without a valid Power of Attorney someone will have to go through the hassle, time and expense of getting a conservatorship over you and that someone may not be the person you would choose. I’m sure you can imagine some terrible situations where you would want someone you trust to be able to access your accounts to get money to use for your benefit, but if you can’t I have a blog post that might help you.  

Allow someone to act on your behalf if you are not available. Thinking of going traveling?  With a valid Power of Attorney in place your trusted Agent can conduct legal transactions on your behalf while you are gone.  

Advanced Health Care Directive:  An  Advance Health Care Directive lets your physician, family and friends know your health care preferences, including the types of special treatment you want or dont want at the end of life, your desire for diagnostic testing, surgical procedures, cardiopulmonary resuscitation and organ donation.
Avoid unnecessary guessing.  By considering your options early, you can ensure the quality of life that is important to you and avoid having your family guess your wishes or having to make critical medical care decisions for you under stress or in emotional turmoil.
Avoid litigation.  When family members disagree over how to proceed with your health care they have the option of resorting to the court system.  Litigation in court is not only time consuming and expensive, it can be devastating to the ongoing relationship between the litigants.