The single most important estate planning instrument is

Question

Quizplus · Accepted Answer

A will is the most important estate planning instrument as it outlines the distribution of assets, appoints a guardian for minors, and names an executor to manage the estate's affairs. While trusts, life insurance policies, and powers of appointment can also be important elements of an estate plan, they often work in conjunction with a will to ensure that an individual's wishes are carried out upon their death.

The Single Most Important Estate Planning Instrument Is