We get it – when the kids’ schedules are out of control or work is absolutely crazy, the last thing you are thinking about is estate planning. Sure, you put it down somewhere in your mental to-do list, but daily life keeps getting in the way and you just haven’t had a chance to get it done. But now is the time to put your basic estate structure in place.
There are any number of legal documents you could use to plan your estate, but these three are absolute must-haves to get started:
- Last Will and Testament – A Last Will and Testament details how you want to have your property distributed after you pass away. It can also designate a guardian for your minor children.
- Health Care Proxy – In a Health Care Proxy (also known as an Advance Medical Directive), you designate an agent to make health care decisions on your behalf if you are incapacitated or otherwise unable to make those decisions for yourself. This document may also contain your instructions setting forth what medical care you are to receive under certain scenarios, such as a terminal illness or a persistent vegetative state
- Power of Attorney – A Power of Attorney gives another person the authority to handle your financial affairs, and grants a specific set of powers, such as the ability to sign checks or manage your accounts. This document can be designed to go into effect either immediately upon signing, or only after you have been declared mentally incapacitated.
At Bouvier Law LLP, it’s our job is to make your estate planning process efficient, convenient and affordable. Give us a call or shoot us an email and we will set up a free consultation that fits your schedule.
Contact Joe Heins
Phone: 716-856-1344, ext. 3005