07/16/2020
LEGAL BUCKET LIST
When things are going well you should make plans for when they are not by creating a will, a power of attorney and a medical advance directive. These are some of the kinder things you can do for your loved ones. Without them, your loved ones may be forced to make decisions regarding your things and personal well being without your guidance. Leaving such important decisions to those who are worried about you or troubled by your ill fortune at a time of distress is very hard on everyone. So take some time, think about what you want, and let them know now through the proper legal documents. We can help.
WILL A will is a basic yet important estate planning tool. You decide not only who will get what, but who will administer your estate after you die. You can also designate a guardian to care for your children.
POWER OF ATTORNEY A power of attorney gives you the power to name who will take care of your finances and other affairs if you are disabled and unable to care for yourself. This is easier, much cheaper and better than having someone you may not wish file a legal proceeding and have a judge name that person as guardian over you and your property.
ADVANCE DIRECTIVE A medical advance directive is sometimes called a living will or healthcare power of attorney. It gives you the power to control how you will be cared for in case you are unable to make decisions or communicate with your doctors. You can name someone to make decisions for you. Among other things, you can decide in advance whether you want to maintain life support while in a persistent vegetative state or whether you wish to simply alleviate pain, letting nature take its course. You also may provide direction as to the disposition of your bodily remains (organ donation, burial, cremation,etc.).
These documents are not terribly expensive to create, but having them ready when the need arises will save thousands of dollars and many hours of grief. Help your loved ones avoid the arguing and hard feelings that often arise without your guidance. For more information, call Olmsted & Olmsted at 301-934-8434 or via email at [email protected].