Throughout our lifetimes, we make thousands of decisions. Some of those decisions are simple, day to day decisions while others are life-changing decisions. The important thing is that each of us is able to make those decisions when the time comes. There may come a time, however, where you are unable to make some of the most important decisions of your life – or death—because of your incapacity. By creating a living will, or an advance directive, you may still be able to make those decisions or … [Read more...] about What Is A Living Will?
Most states recognize some form of advanced directive, often referred to as a health care directive or living will. Understanding the benefits and purpose of a health care directive can help you decide whether executing one should be part of your estate plan. A health care directive generally allows you to accomplish two important things. First, you may legally appoint someone who will have the authority to make health care decisions on your behalf in the event you become incapacitated and … [Read more...] about What Is A Health Care Directive?
In the world of estate planning, there are a variety of documents you can use to protect your assets, provide for your loved ones and plan for unforeseen events. One of the most common of these documents is the Will, but not every type of Will is the same. For example, a Last Will and Testament is the traditional “Simple Will” that outlines how your assets should be distributed after you’re gone. This document can also be used to set up a trust after your death and it can designate who should … [Read more...] about What’s the Difference Between a Living Will and a Last Will and Testament?
No one wants to think about the possibility of becoming disabled. However, like death, disability can occur without warning at any time. You might want to consider having a plan in place in the event of an unexpected disability. A good estate planning attorney can help you create a plan that meets your needs, using a variety of incapacity planning documents. Create a Living Will A Living Will is designed to describe what sort of medical treatment you want prior to death. It is not used to … [Read more...] about Preparing Yourself for the Possibility of Disability