Best Gift this Holiday Season: Estate Planning
With the holiday season approaching…
Joy quickly fills the air and happiness our hearts. As the weeks go by and we plan our festivities, our busy schedules begin to fill up. And we ask ourselves, where has the time gone? We tend to forget what matters most and focus on the ‘now’. Planning for the future becomes an afterthought until something happens in the ‘now’ and we are forced to take action. We are hurriedly trying our best to get that one thing that makes our loved ones the happiest.
Planning and preparing our affairs ahead of time, just like everything else in life, allows us to feel more at ease and in control. We prepare for most big events in our lives, such as; weddings, graduations, vacations, gift shopping and planning a large holiday meal for friends and family. Having your personal affairs in order is no different, so don’t leave your estate planning to chance.
Hiring an Elder Law attorney to assist with formalizing your wishes will give you and your loved ones the peacefulness you desire. Whether it be a financial, medical or personal matter, having an open conversation with your family and putting those wishes in writing will relieve a lot of stress when the time comes.
Speak with your Elder Law or Estate Planning attorney to discuss how to properly and effectively plan for the future. The following essential legal documents are a great start for your estate planning:
DPOA (Durable Power of Attorney):
Gives you, as principal, the ability to authorize an agent to carry out any legal, financial, or business obligations on your behalf while you are living.
HCS (Health Care Surrogate):
Designates who you want to make decisions regarding your health care and medical treatment if you are ever unable to make or communicate those decisions on your own.
Declares your values and desires regarding the use or withholding of life support or heroic life saving measures.
Last Will and Testament:
A legal instrument which communicates your final wishes regarding your “probatable” estate. If your estate goes to Probate, your heirs will have to hire an attorney and a Judge will oversee the distribution of your assets. Many people create Trusts to avoid legal fees associated with Probate.
Take care of everything now and make sure your loved ones understand what it is YOU want when the unexpected happens. It is never too early to begin in order to give the gift of “peace of mind.”
Contact us today for more information.