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Medical power of attorney.

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When you sign a medical power of attorney, you are providing a trusted love one of your choosing with the authority to make decisions about your medical treatment in the event that you are unable to do so. Financial power of attorney.

A Week Of Planning & Organizing My Life

Like a medical power of attorney, a financial power of attorney relinquishes your rights to make financial decisions about your estate and assets to another person if you lose your mental faculties. An estate plan. While the above documents can all be part of an estate plan, creating a will, trust, or both is also highly advised.

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These documents can ensure that property is left to individuals or charities of your choosing, that dependent loved ones are provided for upon your death, that your estate is divided per your wishes, and that your estate avoids the probate process in some cases and reduces its tax burden.

Perhaps the most valuable part of end of life planning is that doing so provides you and your loved ones with comfort. But you can also leave letters for those you leave behind, make donations to charities, make sure that pets or minor children will be cared for, and more. When you make these decisions at a time when you are healthy and of a sound mind, you make things easier for yourself and your loved ones.

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Remember, if you have questions about end of life planning, scheduling a free consultation with an attorney can be helpful. If you live in Jersey and need help upgrading call the States of Jersey web team on Search gov.

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