When it comes to preparing for the future, every senior should take the time to create several essential documents. These necessary documents will protect you near the end of your life and will ensure that your desires remain clear even after you have passed away. They can also reduce conflict and confusion for your family and healthcare providers if you become seriously ill or pass away. Learn what key documents you should have and tips for creating them.
Your Will or Trust
After your passing, the way your estate will be handled will be dictated by your will or your trust. Many adults don’t have these critical documents prepared, which can mean their belongings and assets may not pass to the people they wanted to inherit. A will allows you to designate an executor to oversee the distribution of your estate through the probate process. A trust can allow your heirs to avoid probate and can keep your estate private.
Durable Power of Attorney
This document allows you to name an individual who may make financial decisions on your behalf. If you are incapacitated and cannot look after your own affairs, this person can step in and assist you. They will be able to make financial, tax, and legal decisions for you, so it is best to name a trusted individual.
Advanced Health Care Directive/Living Will
This directive allows you to create a set of explicit directions regarding your desired medical treatment, including resuscitation, life support, and any necessary end-of-life instructions. This document allows you to have a say in your care when you no longer have the ability to communicate your desired level of care.
Healthcare Power of Attorney
The healthcare power of attorney allows you to name a trusted individual who may make medical decisions on your behalf regarding your healthcare on your behalf, should you become incapacitated.
How to Create These Documents
If you desire help, a qualified estate planning lawyer can be a valuable asset. It is particularly recommended that you seek help from an attorney if your estate is considerably valuable, you have a blended family, or you have a complex financial situation. Your lawyer can help you understand your plans and can help you draft the necessary documents.
If you need help preparing your end of life plans, our Phoenix estate planning attorneys can help. Our team can help you prepare a will or trust, document your medical care decisions, or name powers of attorney, all backed by more than 30 years of collective legal experience. At Taylor & Lihn, PLLC we understand the unique needs of our clients, and we offer caring customized legal service. Contact our offices today by calling (602) 900-9860 to request a free consultation.