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Estate Planning
A will, durable power of attorney, medical power of
attorney, directive to physician, and declaration of guardian are very
important documents that protect you, your loved ones, and your money.
If you have had any recent life changing events, such as marriage,
divorce, or birth of a child, you need to review and possibly update
your will and other important life documents. Contact Aaryn today
for your free consultation.
Who needs a will?
Everyone! If you care about who your property goes to when you
die, you need a will. If you care about where your money goes when
you die, you need a will. If you have minor children, you need a
will.
What is a power of attorney?
A power of attorney is a document that gives someone else authority to
act as your agent. There are different types of powers of
attorney. A durable power of attorney remains in effect during
your incompetency. A general power of attorney authorizes your
agent to transact business on your behalf and can become effective
immediately or upon your death or incapacity. A medical power of
attorney grants your agent authority to make medical decisions for you
when you are unable to do so.
Who needs a power of attorney?
Everyone! If you own any property, such as a car or real estate, a
power of attorney will allow your spouse, or whomever you designate, to
sell your assets if you become incapacitated. A medical power of
attorney is important for everyone, whether you are married or not.
What is a directive to physician?
A directive to physician is a document that indicates your wishes for
life-sustaining medical treatment. A directive to physician in
addition to a medical power of attorney will ensure that your wishes for
your medical treatment are carried out in the event you are
incapacitated.
What is a declaration of guardian?
You can sign a document separate from a will to select a guardian for
yourself and your estate should you become incapacitated or in need of a
guardian. A similar document can also be signed to select a
guardian for your children and their estate. Executing a
declaration of guardian allows you to have input on who will be caring
for you or your children, instead of leaving this decision up to a
judge.
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