A. There is no need to make estate planning very complicated. To get started, you just need to get the following 2 documents done:
A Will is a documents where you state who will inherit your assets. If you want to know about Wills, read this blog post.
2. Healthcare Directive
The Healthcare Directive includes durable power of attorney and durable medical power of attorney, these documents tell medical personnel how you want to be treated in the event you are incapacitated. For more details, read this blog post.
Revocable Living Trust
If you don't mind spending a little money, like $1,500 - $3,000, consider setting up a revocable living trust. Revocable means you can change your mind later if you think you made a mistake, living trust means it will manage your assets if you cannot Lawyers who do this typically charge a flat price. For more details, read this blog post.
There are many other types of trusts available, but you shouldn't spend time researching them. Just find a good lawyer who charges a reasonable price to help you develop a good strategy.