What Documents are Needed in an Emergency? – Annapolis and Towson Estate Planning Attorneys
If you knock time and money off the excuse list, you can take care of some important estate-planning tasks.
If you knock time and money off the excuse list, you can take care of some important estate-planning tasks.
There are two documents everyone needs in their estate plan: The Durable Power of Attorney (DPOA) and a Health Surrogacy or Advanced Health Directive.
The most significant threat to your financial nest egg is long-term care.
Q: Is there a difference between a ‘living will’ and a ‘do not resuscitate’ order?
A common dilemma that families face upon the incapacity or death of a loved one is locating estate planning documents. While preparing the documents are the most important step, that is irrelevant if the documents are lost when they most need to be used.
Incapacity can occur because of illness or an accident. It can be temporary or permanent. That’s why every adult needs a power of attorney in place, once they turn eighteen.
A power of attorney is a legal document with which a principal authorizes an agent to act on the principal’s behalf and for the principal’s benefit.
If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, familial connections, or interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.
This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.
Dealing with a sick family member is a challenging and emotional time.