Very few people are fully prepared for the unexpected incapacity or impending loss of a loved one. Advanced preparation can help ease the burden of making difficult decisions for a loved one in times of unexpected tragedy or loss.
It’s important that you and your loved ones discuss end of life wishes and desires. At a minimum, prepare a Will and Advanced Directives such as Powers of Attorney for both medical and financial/business decisions, a HIPAA Release, a Directive to Physicians, a Designation of Guardian and any other specific directives appropriate for your circumstances. Advanced Directives will ensure that a person or group of persons will be able to make decisions for you in the event you become incapacitated. Powers of Attorney are an integral and important part of your estate plan and should not be overlooked.
Take time to address your estate plan this summer. Having your affairs in order will be a gift to your loved ones. To see a checklist of what to do following the loss of a loved one, read my article “Important Things to Do Following a Loss of a Loved One”.