I have a Last Will and Testament. Do I need anything else?

Answer: It is important to consider a Power of Attorney, Appointment of Health Care Representative, and a Living Will tailored to your wishes for an effective estate plan. In some circumstances a Living Trust may be appropriate as well, but you should discuss this with an attorney. In addition, many assets, such as IRA accounts, annuities, and other assets that have beneficiary designations will not be controlled by a Will or Living Trust and you need to ensure that your beneficiary designations are up to date.