A will is a legal document which:
Appoints an executor or personal representative to manage your estate, pay your debts, and distribute your assets per your instructions in the will.
Names individuals or charities who will receive your assets after your death.
Appoints guardians for any minor children.
A trust is a legal document which:
Names a successor trustee to administer your estate and distribute your assets per your written instructions.
Names individuals who will receive your assets after your death.
ADVANCE HEALTH CARE DIRECTIVES
An advance health care directive, or durable power of attorney for health care, is a legal document which allows you to name someone else (agent) to make health care decisions for you in case you become incapacitated and are not able to make those decisions yourself. You can specify what kinds of medical treatments you want or do not want in the future.
POWERS OF ATTORNEY
A durable power of attorney is a legal document that allows you to name someone else (agent) to act on your behalf to handle your financial affairs in case of your incapacity. A financial agent can access your bank accounts to pay your bills and pay for your care, make investment decisions, collect your debts, manage your property, and apply for public benefits on your behalf.