Posts in Category: Estate Planning

WHAT DOCUMENT SHOULD I HAVE IN PLACE IN THE EVENT OF MY INCAPACITY?

While most people plan for their passing, many people don’t plan for the possibility of their incapacity, whether temporary or permanent. If you should ever become unable to take care of your own affairs due to aging, illness or accident, you should have a plan in place which you will hopefully never need. The following documents, if in place, may serve as alternative to a court imposed guardianship and assist your love ones in the event of your incapacity: Revocable Trust Agreement, Durable Power of Attorney, Living Will, Designation of Health Care Surrogate and Designation of Preneed Guardian. The failure to have a plan for incapacity in place often result in needless and expensive guardianship proceedings so do not neglect to put these important documents in place while you are able to do so.

WHAT ESTATE PLANNING DOCUMENTS SHOULD I HAVE IN PLACE?

I advise my clients to have a Last Will and Testament, Durable Power of Attorney, Health Care Proxy and Living Will. However, depending on the client’s needs and goals, some of the documents may be unnecessary or additional documents, such as a revocable or irrevocable trust agreement may be suggested. As part of the service I provide, I will review your current personal and financial situation and advise you as to your estate planning needs. Feel free to contact me with your questions. The initial consultation is free.