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Powers of attorney are crucial estate plan components

On Behalf of | Jun 13, 2019 | Estate Planning |

Thinking about the end of your life on Earth isn’t a pleasant thought for most people. One thing that you need to do is ensure that you have things set so that you can be cared for if you aren’t able to make decisions on your own. You can handle this situation now by putting powers of attorney designations into your estate plan. We know that it can be challenging to make this type of decision.

You need to set a plan for two areas of your life. One of these is for your finances. This person is going to make all decisions about your money and assets. This can include selling your home, buying a new property, paying your bills and taking care of all other money matters.

The other area that you need to think about is your medical care. The person you set over this will make all decisions about your health care as long as the matter isn’t covered in your advance directive.

Because it can be hard for your family members to deal with you being incapacitated, you might want to pick someone outside of your family to handle these duties. The person you appoint should be able to put their own feelings aside to make the decisions that are in line with your wishes. They should be responsible and readily available.

Once you know who you want to handle these important tasks, we can help you get everything together with the paperwork. We want you to feel assured that you have everything taken care if you become incapacitated.