Kelly is teaching a complimentary estate and retirement planning seminar. Sign up today!
* Learn the critical link between estate planning and retirement planning that can reduce the income taxes of your beneficiaries.
* Learn how to protect your children's inheritance from divorcing spouses and creditors.
* Ensure that you have clear instructions so that you receive only the medical treatment that you desire.
*Discover how to avoid lengthy delays, excess court and attorney fees all with a simple plan
RSVP using this link: http://ow.ly/dLVH30jDGEU
In honor of that day, we thought we would provide an overview of the healthcare-related documents we draft for our clients in addition to the standard wills and trusts that most people realize are part of jobs. Additionally, though, estate planning attorneys draft documents that deal with the potential for incapacity during their clients’ lifetimes. These documents cease to have any effect after the client has passed away, so they are not true estate planning documents if you consider that definition to include only documents that deal with property distribution. Estate planning attorneys help their clients plan for possible incapacity with the following documents:
(1) Durable power of attorney. In this document, you would name an agent to act in your place as to financial, business, and legal decisions, if you were incapacitated (unable to handle your affairs).
(2) Health care power of attorney. In this document, you would name an agent to make medical decisions for you in the event you cannot speak for yourself. It is not necessarily an end-of-life document. You could be going in for a routine surgery and under anesthesia, for example.
(3) Living Will. This is an end-of-life document. You will state under what conditions and terms you do not want to be kept on life support. If you do want life support (or if you want to leave it up to your healthcare agent), you do not complete this document.
In order to sign these documents, you must have capacity to know what you’re doing. Waiting until someone is incapacitated to handle this means that you have waited too long. These documents must be completed in advance of any medical issues. If you would like more information, please give Jesson & Rains a call.
Subscribe to our newsletter.