What are the Basic Elements of an Estate Plan—at Any Age?

Guest Blogger:  Mona Tedford, CFP®, CTFA
Vice President, Bremer Trust in Fargo

No matter what your age, it’s important for each of us to consider getting basic estate planning documents in place. Doing so can spare your loved ones undue stress in the event of your incapacity or death. The following three documents form the core of a good, basic estate plan. Below is a description of each document and some common misconceptions:

1) Last Will & Testament

2)   Durable Power of Attorney

3)         Advance Health Care Directive

It’s never too early to make sure you have your estate planning documents in place. Most importantly, be certain that your loved ones, and the other individuals involved, know where to locate your estate planning documents.

Mona Tedford has been working in the field of wealth management for more than 20 years. She is Vice President for Bremer Investment Management and Trust in Fargo, and holds the Certified Financial Planner ® and Certified Trust and Financial Advisor designations.

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