Estate planning is most often thought of as a way to express your final wishes and ensure they are carried out after your demise. Most people think of it as a clear-cut way of determining the disposition of personal and business property and assets. Estate planning can also be thought of as future planning – and that includes making plans for a physical or a cognitive incapacitation. This is particularly true because these conditions have a serious impact on the financial wellbeing of your family.
Planning for the disposition of your estate now gives you the opportunity to create a secure future, easing the burden many incapacitating conditions – like dementia, Alzheimer’s, and Parkinson’s – places on your family, and protects your medical, monetary, and mental wellbeing. Having an estate plan that encompasses these possibilities means your family won’t be forced to leave decisions about your future in the hands of a court-appointed guardian, which adds expenses and reduces the financial value of your estate.
Plan for long-term medical care, appoint a power of attorney, and define the wanted and unwanted lifesaving measures you want taken at the appropriate time. An estate plan also makes your wishes clear in regard to organ donation, medical power of attorney, and funeral and burial preferences. Although your family might be aware of your wishes and prepared to carry them out, in the absence of a written estate plan, emotions often take precedence as tough decisions fall to family members at a difficult time.
An estate plan is an important step in securing your future and protecting your family. An estate planning attorney can help you create the documents necessary to form a complete estate plan that includes a durable power of attorney, medical power of attorney, and other necessary documents. Creating a comprehensive estate plan that includes the possibility of incapacity, ensures your quality of life, and establishes your long-term care needs is our specialty. The attorneys at Grissom Law, LLC are uniquely equipped to help you define a clear plan in the face of unforeseen circumstances. Contact us today. We’ll help you create the plan you need for the future you want.
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This Blog/Web Site is made available for educational purposes only as well as to give you general information and a general understanding of the law, not to provide legal advice. By using this blog site you understand that there is no attorney client relationship between you and Grissom Law, LLC.