Estate Planning

Having an estate plan is vital no matter your age.  With a properly prepared estate plan, you can ensure that you receive the medical care that you desire no matter what happens.  You can also ensure that, if you pass away, all of your assets go to the person of your choosing.

With a power of attorney,  you can appoint someone to make your medical decisions on your behalf if you are incapacitated and unable to make decisions for yourself.  You can also appoint someone to manage your money and pay your bills if you are unable to do so yourself.  By planning ahead and preparing this document, you know who will make your decisions for you.  You will be able to discuss your wishes in advance and ensure that a person whom you trust is responsible for your affairs.

With a living will, you can provide instructions to your health care providers about your medical treatment.  If you are too sick or unconscious and are unable to communicate your wishes to your doctors, this document will ensure that they still follow your instructions.  In the event that life saving measures must be performed, or a decisions concerning the withdrawal of life preserving treatment must be made, you can specify what actions should be taken by your doctors.  Your loved ones will not be left with agonizing decisions and the long-lasting doubts about whether they made the right decision.  For these reasons, everyone of every age should have a living will.

Finally, everyone should have some type of plan in place in the event of their passing.  No matter your age, there is always the risk that tragedy might strike.  By preparing a will or a trust, you can provide a plan for handling your estate.  You can make sure that your property goes to the right person.  You can make sure that your children,  your parents, or anyone whom you care about are have something with which to remember you.  You can make sure that your pet has a home were it will receive the best care when you are gone.  Plan ahead, and make sure that you do not leave your loved ones with the added of burden on having to decipher your wishes from conversations you held in the past.  Put your wishes in writing so that your loved ones have one less thing to worry about if the unexpected happens.

Comments are closed.