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rightrailEstate planning for single people can be very straightforward.

You need to decide who will manage your assets if you can’t, and who will benefit from them after you. These instructions will go into your Living Trust. Your Last Will is meant to make sure all your assets are eventually governed by the rules of your Trust. If you have young children, you’ll name guardians for them in your Last Will.

In your Statutory Power of Attorney, you’ll authorize the same people to deal with assets that can’t be transferred directly into your Trust, such as retirement plans.

Finally, in your Advance Health Care Directive, you’ll identify the people who will make health care decisions if you can’t, and you’ll give them instructions about they types of medical treatments you want – or do not want.

You can do this. Make a plan.

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