The uncertainties of life are those things which may occur that would have a major impact on us and our family. They include disability, both temporary and permanent, incapacity (inability to manage your affairs) and premature death. You can protect yourself and your family from financial problems created by the uncertainties of life with insurances such as disability insurance, long-term care insurance and life insurance. You can protect yourself and your family from the legal problems created by the uncertainties of life by having the following documents in place:
A Durable Financial Power of Attorney so that someone you trust can handle your affairs for you if you are temporarily or permanently incapacitated.
A Medical Power of Attorney so that someone who loves you will have the power to make life-saving medical decisions for you.
A Mental Health Care Power of Attorney so that someone you trust will be able to authorize mental health care treatment if you need it. In some instances, a Medical Power of Attorney may have provisions for mental health care.
A Living Will sets forth your desires concerning medical procedures in the event of a terminal illness or condition.
A properly drafted Will, naming guardians for any minors or incapacitated people that you are responsible for.
A Living Trust to help you avoid the cost and loss of control associated with having a guardian and conservator appointed.
Without these documents you or your loved one could experience loss of control and flexibility regarding your assets, unnecessary attorneys' fees, court costs and the possible need for court approvals and annual accountings. However, in some instances, when it is too late to draft these documents JacksonWhite is here to help.
For more information on estate planning, or for questions regarding public benefits (Medicaid/ALTCS and VA) and other health care options, please call toll-free at 1.800.243.1160 or request a consult by clicking here. There is no cost for this initial phone consultation.
This site is informational only and should not be construed as legal advice. Receipt of this information does not create an attorney-client relationship. Please consult a knowledgeable attorney regarding your specific legal needs.
