No one wants to think about dying, but it’s important to prepare certain documents to make sure that your loved ones are taken care of. Do not forget that things will be hard when you first pass away for those you love most and leaving them unprepared will make things even more difficult. We have a list of the end of life documentation you want to make sure you have in order.
1. Living Will
A living will is a document that tells doctors and medical professionals the treatments you want if you are permanently unconscious and you are dying. Your age does not matter, this is a document that every adult will benefit from. You never know if and when you will be in a life-changing accident.
Hopefully, you will never need to use your living will but it’s better to have it and not need it than not have it and need it in the future. One of the best ways to prepare a living will is to hire an attorney like Lees & Lees in your state that is familiar with state laws.
2. Last Will and Testament
This legal document states your final wishes about distributing your assets after you pass away. You will have to point someone to manage the distribution to your named beneficiaries.
Sometimes people think they do not need a last will but even if you do not have millions there are things like who do you want to take care of your pet, your furniture, etc? If you have any minor children this is the document where you will name who will take care of them if something were to happen to you.
If you do not have a last will in place at the time of your death a court will decide what happens to your assets and who will stay with your children.
3. Power of Attorney for Finances
If you are reaching your end of life and are unable to take care of your own finances for health reasons then a power of attorney will come in handy. In this document, you will choose someone you trust to manage your financial affairs.
They will have control over paying your bills, choose your living arrangements, rental properties you own, etc. Because the person you appoint will have so much control over your money and finances you really have to them. If you do not have anyone you trust this much you can always use a licensed fiduciary company.
Do You Have Your End of Life Documentation in Order?
Now that you know which end of life documentation to have in order, it is time to get to work. Remember preparing is better than leaving your loved ones to figure it out on top of the emotional mess they will be feeling.
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