Four Documents You Need to Have

Estate planning is probably not how you want to spend your weekend. But it’s one of those things you need to do before it’s too late. Every adult should have these four documents:

  • A will. This legal document lets you, rather than the state, decide how your estate will be distributed. Having one helps your heirs avoid hassles and costs and will give you peace of mind.
  • A durable power of attorney. This document lets you delegate power to handle your financial affairs if you become disabled or incapacitated.
  • Advance directives. This is a term for health care directives, living wills, and health care powers of attorney that allow you to state your preferences for health care if you become physically or mentally unable to make decisions. Do this so your family doesn’t have to agonize over decisions.
  • Letter of instructions. This informal document outlines special requests you want carried out. It’s a good way to clarify your intentions.

You can prepare these documents yourself, but you’re better off having an attorney do it. An attorney can advise you on regulation changes and discuss other documents, such as trusts, you may want to have. If you need an attorney who can guide you in the right direction contact me at | 888-988-6248, and I can refer one to you.

About the Author

Brandon Lau grew up in Kailua and currently resides in Honolulu with his wife Andee and children Caylah, Elijah, and David. His eighteen years in real estate led him to become a Partner at ChaneyBrooks Choice Advisors. Over the past 10 years he has developed the team and systems that has created a high level of service and value for his clients.

What differentiates Brandon and his team is his consultative approach to real estate. He advises clients with relevant data and expert insight to help them make the best choices in real estate. Good choices in planning for long term dispositions, negotiating for the best price or knowing when not to pursue an investment are ways his consultative services will give you an advantage in the marketplace. His bottom line is providing service with the utmost integrity and expertise.