Important Life Documents
Be Advised: The following is not a substitute for legal advice.
The main objectives of Exit Strategy are to introduce you to the documents, get you organized, and help you develop habits of updating your information on a regular basis.
The four (and one bonus) life documents every adult should consider are:
1. Health Care Directives
2. Life Insurance
3. Last Will and Testament
4. Revocable Living Trust
*5. Durable Financial Power of Attorney
When you obtain these documents will be a personal decision and may be based on several factors. Seek professional advice about when the appropriate time would be for you.
Life Insurance
Life insurance is a contract between a life insurance company and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums paid by the policyholder during their lifetime.
*As life insurance is only as good as the company you purchase it from,
it's recommended purchasing from a reputable provider.
Revocable Living Trust
A revocable living trust provides a way to ensure the continued management and preservation of your assets, should you die or become incapacitated, and allows the avoidance of a probate court proceeding after your death. The term revocable means it allows the settlor (you), to make changes to the trust at anytime during your lifetime.
*While it's possible to create a revocable living trust using online templates or software, seeking legal advice ensures that your trust is comprehensive, legally valid, and tailored to your specific needs and objectives.
Create & Protect Your Legacy
As promised in Exit Strategy, this platform also offers you the opportunity to connect with field experts who can guide you through the process of creating important life documents, ensuring your peace of mind. By filling out our form, you can initiate contact with these professionals and receive the guidance you need.
Legal Disclaimer
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser.
Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.
The views expressed at, or through, this site are those of the individual authors writing in their individual capacities only. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this posting is provided "as is;" no representations are made that the content is error-free.