Preparing For The Unpredictable
The purpose of an estate plan is to safeguard your family from undue stress and hardship after you pass. Yet the best estate plans serve to protect you during your lifetime as well. Simply put, the unexpected happens — often in the form of severe injury or illness — and it is essential to include provisions for such occurrences when considering the legal aspects of your estate.
Drawing on more than three decades of experience, the lawyers at Coodin & Overson, PLLP, are prepared to help you plan for your future. We have a thorough knowledge of how to appropriately address your most important concerns and are able to provide knowledgeable assistance at every step. We are based in Woodbury and serve throughout the region.
What Is An Advance Health Care Directive?
One of the most important documents to include in your estate plan is an advance health care directive (also called a living will). If an illness or injury renders you incapacitated, an advance health care directive will ensure that you keep control over your medical treatment. Namely, it lets you define the precise extent to which you would like to receive care. This is a crucial consideration, as it saves your family from having to make such decisions in situ.
What Is A ‘Power Of Attorney’?
Likewise, you should designate a trusted individual, or small group, to manage your finances and other private affairs if you become unable to do so. To this end, a power of attorney document grants legal authority for others to act on your behalf.
As with naming your executor, it is important to carefully consider whom you name to this role.