Many people like to live in the present, and don’t take the time to include emergency planning in their lives. If you’re thinking about starting your estate planning, now is the time to think about emergency planning. You never know when the unexpected will happen, and these events could leave you helpless if you’ve not taken the time to plan correctly.
Take a look at some of the information below, to learn more. If you have additional questions, meet with an estate planning attorney.
- Who will help you handle your finances if you’re ever unable to?
- Do you have certain medical wishes that you want to be respected?
- Would you want to remain on life support in order to survive even if you are in an irreversible coma?
- How will you make medical decisions if you’re terminally ill or disabled?
The above questions are some estate planning documents that you should consider. Take a look at some of the estate planning documents below, so that you know what to include in your estate planning.
Living will
This estate planning document will allow you to outline your wishes for end of life treatment. This may also include your wishes regarding the use of life support. If you want to have a say in important health matters, you need this document.
Healthcare power of attorney
With this estate planning document, you will be able to appoint a healthcare agent who will help to make your medical decisions for you if you’re ever unable to. This agent will be responsible for following the wishes that you outline in your living will. It’s important to choose a trustworthy, reliable, and loving person. This person should be able to talk about medical conditions and feel comfortable talking with medical professionals.
Financial power of attorney
If you ever become disabled or seriously ill, you will need someone to handle your financial affairs. Even though you’re sick or disabled, you will still have bills that need to be paid. Choosing an agent will allow you to ensure that all of your affairs are handled. You should select someone who is responsible, organized, and great with money.
If you have additional questions about including emergency planning in your estate planning, consult with a qualified estate planning attorney.
- Low-Interest Loans: An Estate Planning Technique - June 23, 2020
- Irrevocable Medicaid Trusts - June 16, 2020
- Uncompensated Transfers - June 9, 2020
Leave a Reply