Planning for the unexpected can be difficult, but it’s absolutely necessary.

Here, learn three basic estate planning components from a pro.

Or packed for a beach vacation, only to be welcomed by a torrential downpour?

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Its examples like these that give credence to the value of planning ahead and leaving room for the unexpected.

Having an estate plan makes unexpected circumstances a little easier to deal with.

(Read: Do you know someone who has an estate planner?

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Timothy A. Nordgren is an estate planner with more than 25 years of experience.

To learn more about the three components of estate planning, per Nordgren, keep reading.

The 3 components of estate planning (aka preparing for lifes what-ifs)

1.

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These can be the same or separate people, depending on how you spell out your specific estate plan.

That said, different states have different laws surrounding power of attorney.

Thats where waivers come in as one of the key components of estate planning.

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With certain waivers, you might grant people access to protected information, like medical records and financial records.

Ultimately, you may not be able to control flight-missing traffic or vacation-compromising weather.

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Timothy A. Nordgren is an estate planner with more than 25 years of experience.

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