A Trust or a Will - Your will tells how you want your estate distributed when you die.
Trusts are more complex but offer greater flexibility and sometimes greater control.
You need one or the other. A Letter of Instruction - contains information on financial documents, bank accounts, funeral arrangements, how to contact financial legal advisors, and who to notify about your death. A Durable Power of Attorney is essential to authorize an individual to conduct your legal or financial affairs on your behalf should you become incapacitated. An advanced directive for health care has two parts. A Living Will states what medical actions you do or do not want taken to keep you alive if you are terminally ill or incapacitated.