WHAT CAN YOU DO NOW TO PREPARE YOUR ESTATE PLAN
We have all endured a lot since the pandemic began. While many people think that only wealthy or older people need an estate plan, the reality is that everyone over 18 years old needs some level of planning.
Many people need comprehensive estate plans but for those are over 18 years old and have no assets, kids or grandkids, this “baby” estate plan might suffice.
A “Baby” Estate Plan Includes
1. An An Advance Health Care Directive with a HIPAA Waiver. These documents allow someone to legally make health care decisions for you, state your specific wishes and provide the medical community with the proper privacy waivers so they will talk to your Healthcare Agent when needed.
2. A Durable Power of Attorney for Finance (DPOA) authorizes someone to make financial and legal decisions for you if you become mentally incapacitated. This includes paying your bills, filing taxes, dealing with Social Security or your insurance, etc.
Free Statutory Documents
Due to the coronavirus, we have posted free statutory documents for you to print and fill in. Click Here to download. We have also included a sample of each document filled in for your reference.
*Disclaimer: This “baby” estate plan assumes that you do not have assets or children. If you do, you likely need a Trust and a Pour Over Will and you should contact our office to learn more.