Reported 1 day ago
As retirement approaches, it's crucial for retirees to ensure their legal and financial documents are up-to-date for 2025. Estate planners emphasize the importance of having five core legal documents: a last will, durable power of attorney, advance healthcare directive, HIPAA release form, and potentially a revocable living trust. Additionally, retirees should establish powers of attorney for healthcare and finances, create a long-term care plan, update beneficiary designations, use a digital estate planning platform for document management, and implement a secure password management system to facilitate access for loved ones.
Source: YAHOO