Power of Attorney: Why You’re Never Too Young
Although we all like to make our own decisions, there may come a time when we no longer have that luxury.
Although we all like to make our own decisions, there may come a time when we no longer have that luxury.
The wish to leave our heirs with a legacy is powerful. Don’t leave them without an estate plan.
You may have a will or a full estate plan that was prepared by an attorney in another state, or perhaps you haven’t yet taken the important step of planning your estate.
For some people with complicated personal and financial lives, today’s complexities may not be fully addressed with a do-it-yourself service for wills and trusts.
A will may not be sufficient to handle all situations, so other documents are added to your estate plan. Everyone needs a power of attorney.
People frequently hear that they should visit their attorney to have their wills and other important legal documents prepared, but many people procrastinate. Therefore, if you’re in that group, do not feel like you’re alone.
As it turns out, though, living wills and durable power of attorney for healthcare are two things that single people might especially want to give some thought to.
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.