UNDER THE LAW.
For example, suppose you become incapacitated. Who will care for you? Will you be placed in a nursing home? Who will make health-care decisions for you? Who will pay your bills and handle your finances? Will the money you worked hard for all of your life to save go to your healthcare providers?
When you die, will your family be torn apart over financial or other issues?
How will your estate be divided? If your estate has significant assets, will the government or creditors take most of them?
These issues, and many more, can be avoided by proper estate planning. In other words, it is important to plan ahead. Estate planning involves many areas, including:
- Living wills
- Healthcare powers of attorney
- Financial powers of attorney
- Long-term healthcare planning
I have seen both sides of the coin. I have represented people who planned properly, and made things easier for their family. I have represented people in bitter family disputes when a loved one did not plan properly. In the long run, it is not only wiser, but more economical, to properly plan ahead. If you would like to discuss any estate planning issues, please call me for a free consultation.