The 5 Documents Every Adult Should Have—Before It’s Too Late

When it comes to protecting your future, many people put off planning until it’s too late. But the truth is, having a solid plan in place doesn’t just protect your assets—it protects your family, your health, and your legacy.

You don’t have to be wealthy to need an estate plan. In fact, every adult—regardless of income or age—should have these five essential documents. They act as your voice when you’re unable to speak, and your shield when life takes an unexpected turn.

1. Will

Your will is a legal document that outlines who gets what after you pass away. It’s your chance to make sure your wishes are followed, from naming guardians for your children to dividing personal belongings. Without one, state laws decide what happens—and that might not reflect what you would’ve wanted.

✅ Tip: Even if you don’t own a home or have a large estate, a will helps avoid confusion and conflict among loved ones.

2. Living Trust (Revocable Trust)

A trust can be especially helpful if you want to avoid probate—the often slow and expensive legal process that follows death. A living trust lets you pass on assets like your home, bank accounts, or investments without court involvement. It can also include specific instructions for how and when beneficiaries receive their inheritance.

✅ Bonus: Trusts can offer privacy and flexibility that wills can’t.

3. Durable Power of Attorney

If something happens and you become unable to make financial decisions for yourself, who do you trust to step in? A durable power of attorney gives that person legal authority to handle things like paying your bills, managing property, or speaking to the bank on your behalf.

⚠️ Without this document, your family might need to go to court to get permission—even to do something simple.

4. Health Care Proxy (Medical Power of Attorney)

This document allows someone you trust to make medical decisions for you if you’re incapacitated. Whether it’s approving a surgery or choosing a hospital, your proxy ensures that someone who knows your wishes is making those critical calls.

🩺 It’s peace of mind—for you and your family.

5. Living Will (Advance Health Care Directive)

Not to be confused with a traditional will, a living will outlines your preferences for end-of-life medical care—like whether you want to be on life support or receive CPR. It takes the pressure off loved ones during difficult moments and ensures your choices are honored.

✍️ Pair this with your health care proxy for full protection.

Final Thoughts

Planning ahead isn’t about being pessimistic. It’s about being prepared. These five documents are the foundation of a responsible, compassionate plan—one that eases the burden on your loved ones and brings clarity when it’s needed most.

👉 Need help getting started?
Let’s walk through your options together. Book a free consultation with one of our professionals at Compass Wealth—and gain the peace of mind you deserve.