Reasons to Plan Other Than Money
Did you know that estate planning is about more than just stuff?
Rights to Manage Your Affairs
Designate who will manage your legal, financial, and healthcare affairs if you can’t. If you don’t, then a court will appoint somebody. You deserve to control your own destiny.
Part of estate planning is setting up your Healthcare Power of Attorney for medical decisions. Without this document, even your spouse can’t speak for you if you are unconscious or otherwise incapable (like on heavy doses of pain killers) of making medical decisions on your own.
Without a Medical Information Release (HIPAA Waiver), doctors and other healthcare workers can’t speak to anybody about your condition or treatment.
Without a Durable Power of Attorney and Healthcare Power of Attorney, you family will have to go get a court order in order to manage your financial, legal, and healthcare affairs.
If you have children under 18, you need to name guardians for them in a Last Will and Testament. If you don’t then the Probate Judge has no guidance from you on who you wanted. Even if you are divorced, you should name a guardian.
If you have special needs children, they deserve special planning to provide for them, protect them, and protect their benefits.