Greetings! I trust that this will find you well and enjoying life.
Many times people don’t think about conducting basic estate planning until they’re in their 50s and 60s, believing that it’s a function for people who are older and/or have sufficient wealth. The reality, however, is that nearly every adult should have a handful of basic documents completed and at the ready – because you never know when they may become necessary.
A basic will is particularly important for parents in order to name the guardian for underage children, as well as naming an executor to manage the dissemination of your finances and worldly belongings upon your death. A living will allows you to specify your wishes in writing for end-of-life care in regards to if you should be kept alive or resuscitated under extreme circumstances. On the other hand, a medical power of attorney permits you to name the person you wish to make decisions about your medical care in the event that you are incapacitated, such as immediate surgery if you’re unconscious. Finally, a durable power of attorney document allows you to name a person who would be responsible for all legal and financial decisions on your behalf should you become incapacitated.
If you have questions, comments or feel that I can be of service in any way with your retirement planning, don’t hesitate to call.