by eespin | Estate Planning
In this section, we’ll cover everything you need to know about obtaining a living will yourself. Where can I get a will? Depending on the state of your affairs, you may decide to DIY it or hire an estate planning attorney. If you can DIY it, check with your state’s...
by eespin | Estate Planning
The best answer to this question is “as soon as possible.” No one knows when their health could fail them and they could become incapacitated. For example, you could suffer an unexpected stroke or get in a car accident tomorrow. When it comes to important health...
by eespin | Estate Planning
A living will is not the same thing as a last will & testament. Living wills refer to medical decisions while last will & testaments refer to the inheritors of your property. As you consider your estate planning, know that your health and assets should both be...
by eespin | Estate Planning
Everyone should have a living will, no matter what their age. As you consider your estate planning, don’t neglect the medical portion of it. Most people are concerned with who will inherit their property when they pass, but don’t pay enough attention to their medical...
by eespin | Estate Planning
A living will, a.k.a an advance directive or healthcare directive, is a legally-binding document that indicates which medical treatments and end of life care you prefer in the event you become incapacitated. This is especially important if you don’t have a durable...
by eespin | Estate Planning
In some cases, a power of attorney can be revoked or overridden. This can be done to protect the person in situations where they’re being abused, neglected, or taken advantage of by their appointed agent. Court-appointed guardian A court-appointed guardian can request...
by eespin | Estate Planning
The primary difference between power of attorneys and living wills is that a POA is designated to make decisions on your behalf. A living will on the other hand is simply a document that lists your medical preferences in certain scenarios. It can be referenced when...
by eespin | Estate Planning
When Terri Schiavo fell into a coma in 1990, she didn’t have a will or a designated durable power of attorney, this would start an agonizing 15-year-old court process between Terri’s husband and Terri’s family about whether to let her live (on life support) or die...
by eespin | Estate Planning
There are three types of Power of Attorneys (POA) that you need to consider: Financial Power of Attorney, Medical Power of Attorney, and Durable Power of Attorney. Financial Power of Attorney A financial power of attorney lets you appoint a person to manage your...
by eespin | Estate Planning
As long as you are sound of mind, you can change your medical directive at any time. You can even cancel it entirely if you wish. Be sure to alert your family, health care providers, power of attorney, and anyone else you choose that you’ve made changes. Can medical...
