Unless you have limited assets and can get by with a simple will, you need an estate plan that includes several documents to ensure that your assets are distributed the way you desire, and your other wishes are fulfilled, all with minimal court intervention.
No one wants to believe that we may not be able to make our own decisions about our health and medical care. But if misfortune strikes and you become too ill or incapacitated to assist in your own care, it is important to have a Living Will prepared and in place.
If you are considering creating a will, you've likely spent a long time planning it out. This is completely normal. A will is your final chance to distribute your cherished belongings to your loved ones.
Wills are often associated with the process that occurs after a person passes. Many people are not aware that they can create a will that dictates what happens before their final day. Living wills, sometimes called Advance Health Care Directives, help you plan for your own care.
An aging person is likely to encounter many changes in his or her latter years. These changes to their health and living circumstances can have a profound legal effect. Due to this, it is important to understand the type of legal issues that should be prepared for well in advance. Take a look at some of the major considerations in end of life and estate law so that you can be prepared, or help your relatives to have an easy transition.