Are you thinking about starting your estate planning? If so, there are many estate planning documents that you will want to consider adding to your plan. With the right documents in place, you can prepare yourself for the future. If you have any questions about the use of these documents, or if you’d like to begin your estate planning, meet with an estate planning attorney.
This document allows you to spell out your medical wishes. This includes the types of medical treatment that you consent to at the very end of life. You may also include your wishes regarding life support. If you want your wishes to be followed, then you need a living will.
Healthcare power of attorney
If you want someone to be able to make important medical decisions in your time of need, you need a healthcare power of attorney. With this document, you will appoint an agent who will help to make sure that you receive proper care and treatment.
Financial power of attorney
If you ever become seriously ill (i.e. incapacitated), you will still need access to your assets. With a financial power of attorney, you can appoint an agent who will be responsible for managing your financial affairs. This includes paying your bills, accessing the money that you need, filing and paying your taxes, and more.
Your will is a document that helps to decide how affairs will be handled after your death. In this document, you can appoint an executor who will help to manage your estate affairs, outline your wishes on how your assets will be distributed to your beneficiaries, and appoint a guardian for the care of your minor children. A will is one of the most important legal documents that no one should go without!
Talk with an estate planning attorney to discuss the estate planning documents you need.