Writing a Last Will and Testament is the foundation of your estate plan. Durable Power of Attorney and Healthcare Power of Attorney are two other important pieces to the plan, but these three may not include everything you need. Estate plans can be as customized as a client needs or wants.
A word of caution – when designing your estate plan, don’t overlook the fact that some of your assets may not be covered by the provisions of your will. You will need to work through these details with your estate planning attorney, tax accountant and financial advisor.
Assets that are not typically affected by wills include: