If you are putting together an estate plan that represents the needs of you as well as your loved ones, you must think beyond simply death. Estate planning is often confronted by people who have recently come into contact with a loved one, friend or even a story about a celebrity that talks about poor estate planning tactics.Â
While many of the most common issues that emerge with regard to estate planning happen after someone passes away, issues can also happen earlier on, such as while you are still alive. If you do not have an appropriate power of attorney in place, no one else may be empowered to make decisions on your behalf. This can generate confusion, frustration, expenses, and unnecessary court proceedings if something were to happen to you, like an unexpected disability.
Even one accident could have a significant impact on your loved ones and your family members, and if you have specific wishes about how to proceed with your medical care, these should be articulated to key stakeholders and that power should be transferred to them in an appropriate power of attorney. The right lawyer is essential for navigating the estate planning process.
