Tuesday, June 13, 2017

Three Must-Have Legal Documents

Most Americans don’t have wills. If you’re among this majority, it may concern you that if you were to die, the state could end up making some pretty hefty decisions on your behalf. They could be the final decision-makers on what happens to any of your left-behind children and they could also wind up being the distributors of all of your left-behind possessions and financial assets.

As well as needing a will, if you really don’t want a stranger making any of those important choices for you, it is extremely imperative that you also obtain these three important legal documents:

1. Durable Power of Attorney for Health Care. Also known as an advance directive or health care proxy, this lets you identify who will make medical decisions for you if you cannot.

2. Durable Power of Attorney for Finances. This designates who will handle money decisions for you.

3. Living Will. This tells doctors (and your family) exactly what type of care you do or do not want to receive if you are terminally ill and incapacitated. (Some states combine #1 and #3 into one form).

So, don’t leave such important matters to someone you don’t know and give yourself (and your family) some peace of mind.

I'm so excited to share this information with you. If you have enjoyed the information or feel that it would benefit someone else, please share it. If you have any comments, please post them below, otherwise, feel free to contact me.
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