With the new year comes new plans and resolutions to change or better your life. Perhaps your resolution is to be better prepared in life. Thinking in the big scheme of things, being prepared for end-of-life is very important, and one big check mark you could check off of your list to be better prepared. Your main three documents to look at when preparing your estate planning are a Will, a Health Care Directive, and a Power of Attorney.
In the simplest of terms, a Will is a final declaration laying out who you want to be in charge of your estate at the time of your passing, and what your wishes are for how that person will handle the distribution and overall care of your estate. A Health Care Directive is used to specify what actions should be taken for your health should you not be able to decide for yourself; it also appoints a person (and alternate(s)) to act on your behalf to carry out those wishes. A Power of Attorney is a document that authorizes another person to act on your behalf in matters ranging from real property transactions to banking transactions; the person you designate as your attorney-in-fact only has as much power as you designate.
If you are looking to finally put your affairs in order and be prepared for your end-of-life, contact Ken Wasche today to go over what your options are and determine what will be the best choice for you and your estate.