Estate Planning: The Four Documents You Need | Money Unscripted | Fidelity Investments

Estate planning is a process that’s full of emotions. And full of questions. Where do you start? Who should be part of the conversation? And what are the key documents you need? On this episode of Money Unscripted, host Ally Donnelly and Fidelity’s Pamela Pirone-Benson break down everything from writing a will and setting up a trust to choosing your power of attorney and navigating estate taxes. Watch now. 00:00 Welcome to Money Unscripted 00:55 Why you should have an estate plan 01:24 What is an estate plan? 02:01 Getting organized 03:11 The core four estate planning documents 03:40 What is a power of attorney? 04:03 Having a health care proxy 04:31 What is a living will? 05:07 Do I need an attorney to draft my documents? 05:43 Elements of a last will and testament 07:28 What is probate? 07:49 Wills vs. trusts 09:22 What to know about estate taxes 10:26 How strategic gifting can impact estate taxes 11:10 When to revisit your estate plan 11:58 How to start estate planning conversations 14:52 Estate planning: A recap Questions? Drop them below 👇 and we’ll reply right in the comments. 5 steps to create an estate plan: https://www.fidelity.com/viewpoints/w... 10 estate plan pitfalls to avoid: https://www.fidelity.com/viewpoints/w... View all episodes here: https://www.fidelity.com/learning-cen.... New episodes drop bi-weekly on Tuesdays. Have a comment or episode idea? We’d love to hear from you! Email us at moneyunscripted@fidelity.com. Be sure to follow, like, and share Money Unscripted! © 2025 FMR LLC. All rights reserved. • To see more videos, subscribe on YouTube:    / fidelityinvestments   • Follow Fidelity on Reddit:   / fidelityinvestments   • Follow Fidelity on Instagram:   / fidelityinvestments   • Follow Fidelity on TikTok:   / fidelityinvestments   • Follow Fidelity on Facebook:   / fidelityinvestments   • Follow Fidelity on LinkedIn:   / fidelity-investments   • Ask Fidelity on X:   / fidelity   Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1195862.4.0 #personalfinance #estateplanning #wills #trusts #taxes