Your Questions, Answered

  • Answer: A will directs how your property is distributed after death and must go through probate, while a trust—especially a revocable living trust—can manage and distribute assets both during your life and after death, often avoiding probate and maintaining privacy.

  • Answer: Essential documents include a will, a financial durable power of attorney, and a health care (medical) power of attorney or proxy. These ensure that trusted agents can manage your finances and medical decisions if you become incapacitated.

  • Answer: Experts recommend reviewing your estate plan every 3–5 years or following major life events like marriage, divorce, the birth of a child, or acquiring significant assets.

  • Answer: Dying intestate means your assets are distributed according to state law, which may not align with your wishes. Certain assets—like jointly owned property or those with beneficiary designations—may bypass probate and not follow your will.

  • Answer: Access to online accounts (like email, social media, crypto) is not automatic. You must specify digital asset instructions or authorize access—especially if your state follows laws like the Revised Uniform Fiduciary Access to Digital Assets Act.

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