Many of us procrastinate about this task, sometimes until the very end of life. It is actually one of the most important things we can do for ourselves and our loved ones and should be given ongoing periodic attention.
Everyone over 18 should at least have a plan that helps protect them and their loved ones in the event that they become unable to make informed decisions regarding their property or care due to debilitating injury or illness. This plan should include at the very least Durable Powers of Attorney for Financial Affairs and Health Care, as well as authorizations for others to obtain records from health providers.
As a person goes through life and acquires more wealth and property it becomes more and more important to preserve that wealth for those whom we care about most. As time goes by Wills, Trusts and other estate planning documents become increasingly important to protect those whom we love. Those loved ones can change and often do due to death or other reasons. That is why it is important to take stock periodically and maintain a well-conceived estate plan. The new year is a perfect time to do so.
Arizona Mobile Attorneys will work with you to make sure you have a well-conceived estate plan that meets your needs and protects your loved ones.
© Michael G. Kelly