There aren’t very many topics as unpleasant as discussing one’s own demise. However, that doesn’t make it any less necessary. It is the responsibility of anyone who has even modest assets and portfolios that will need distributing to see to it that a qualified expert handles it once they are gone. It is also the caring thing to do for your family and friends who will be grieving.
What Happens if You Are Incapacitated?
It isn’t always death that brings about the need for estate management. Even if it isn’t your final will and testament but rather just power of attorney following an accident or major health event, planning foe these legal situations before they can even arise will give you and your family peace of mind.
What Happens if You Pass Away?
Although not all estate matters come about as the result of death, most of them do. Regardless of how healthy our lifestyles are or how often we see the doctor, everyone will pass away. It is during these times that our family and loved ones suffer the most. Therefore, it only makes sense that you would want to take care of all of the loose ends that you could before that day comes.
Leaving Your Personal and Business Interests Cared For
One of the most unfortunate but not all that uncommon results following someone’s death is family conflict. This sad truth happens time and time again, especially when there are still financial details to complete. Sometimes during periods of trauma and stress, people who love each other can lash out as a coping mechanism.
However, this can lead to much more damaging and long-term issues. With one simple estate plan you can make sure that your family never has to take on the added burden of tending to your wishes in addition to having to mourn your loss.
The experienced and caring attorneys at Bell Law know exactly how to handle the issues that come after someone’s passing. Your family and business associates certainly deserve no less. Give us a call today to discuss the details.
Completing advance directives is a responsible part of building your estate plan. Not only do you have the opportunity to dictate what matters to you at the end of life, completing certain tasks can give you control over who advocates or speaks for you in cases when you cannot. You are never too young to choose a Power of Attorney for your health or for your financial needs. These designations are crucial to assuring that your wishes are carried out even if you are unable to make them happen.
What is a Power of Attorney?
A Power of Attorney form gives you the change to designate an Agent, or person who will make decisions on your behalf when you can no longer do so. You can choose an Agent for financial matters and an Agent for health care matters, and that Agent does not need to be the same for both duties.
There are different types of Power of Attorney documents that determine when the duties begin. Work with your lawyer at Bell Law to determine which may be best for your situation.
Choosing Your Agent
Choosing a Power of Attorney Agent is an important decision and one that you should take time in deciding. While many people choose a child or children for the roles, others choose a partner, family member, or trusted friend to complete the duties. In any case, you should be sure that the Agent knows you well, and that you can count on them to make decisions based on your wishes, even when those wishes may differ from their own.
While you can choose to have an Agent that does both financial and health care duties, you may consider splitting the responsibility between two people. If that option works for you, it can give the Agents relief in making every decision along every facet of your life.
Talking to Your Agent
Before you come into the office to declare your Power of Attorney Agent choices, be sure you talk to the potential Agent first. This is a big responsibility and while most people see the role of Agent as an honor, some people can see being named an Agent as overwhelming or stressful. Assure your potential Agent understands the role and then set specific times to talk about your wishes together. While these conversations aren’t always comfortable ones, it is imperative that you get your wishes out there for your Agent to hear and acknowledge.
Are you ready to complete your Power of Attorney forms, or do you have questions about the process? We would love to help; our attorneys have years of experience drawing up estate plans for clients of all ages and situations. Give us a call to get started today.