You might not realize that there are other documents aside from a will that can help to ensure that both you and your family members are taken care of in the event that tragedy strikes. This cheat sheet will help you understand what else is available to you in addition to your will to help ease your mind.
Health Care Power of Attorney
Purpose: You can pick who will be making medical decisions for you if you have an injury or other condition that renders you unable to make those decisions for yourself.
Durable Power of Attorney
Purpose: This document allows you to select who you want to make financial decisions for you if you are unable to make those decisions on your own. In fact, it only goes into effect in the event that you are unable to make those decisions on your own.
Purpose: This is your way of telling doctors and family members whether you want life- sustaining procedures performed on you. This often comes into play if you are in a state of permanent unconsciousness, or have a terminal condition. An obvious benefit is that this document takes such heart-breaking decisions out of your family’s hands.
If you have any questions regarding your current estate plan, please do not hesitate to contact Charleston Estate Planning Attorney Trey Harrell at 843-608-0605 or by sending him an email at Trey@RWH3Law.com. Attorney Trey Harrell and his team will walk you through this confusing process and do what they can to make sure your assets go where you desire.