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What Are Important Documents? Legal identification documents. Social Security cards. Birth certificates. ... Tax documents. Tax returns. W-2s and 1099 forms. ... Property records. Vehicle registrations and titles. Mortgage statements, deeds and bills of sale. ... Estate planning documents. Wills and trusts. ... Finance records. Pay stubs.
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Common documents include a will, durable power of attorney for finances, and a living trust. A will specifies how your estate ? your property, money, and other assets ? will be distributed and managed when you die.
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The 4 legal documents every adult should have A will. Also known as: a last will and testament. ... A living will. Also known as: an advance directive. ... Durable health care power of attorney. It appoints: a health care proxy. ... Durable financial power of attorney. It appoints: an attorney-in-fact or agent.
1. Will. A will is a legal document that designates who should receive your assets after death.
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The 5 Legal Documents Everyone Should Have A Will. No matter if you have $1000 in assets or $1,000,000, everyone should have a Will. ... A Revocable Trust. ... Healthcare Power of Attorney. ... Advanced Directive. ... Durable Financial Power of Attorney.