Why do I need a financial power of attorney?
Designating a financial power of attorney will allow someone chosen by you to manage your financial affairs for you in the event that you are incapacitated.
Why do I need a medical power of attorney?
Designating a medical power of attorney will allow someone chosen by you to make medical decisions for you in the event that you are incapacitated. Not having this document can greatly hinder your loved ones from being able to make medical decisions on your behalf should you become unable to make your wishes known to your physician.
Who should I appoint with my financial and medical powers of attorney?
It is important to appoint someone you trust to make financial and medical decisions for you in the event of your incapacitation. Typically this person is a spouse or trusted family member or friend.
What is a Directive to Physicians?
A Directive to Physicians is also known as a “Living Will.” This document will allow you to make your wishes known to your physicians and family members regarding life support in the event that you are incapacitated.
What is a Revocable Living Trust?
A Revocable Living Trust is a will alternative that is often used for clients who may need assistance managing their assets now or in the future and for clients owning out-of-state property. Revocable trusts can also be utilized to avoid probate.
Other than wills, what other estate planning options are available?
If you would like to learn more about options available that fit your specific circumstances, please contact us at 713-979-5566 or by email at info@ohdlegal.com. We will be happy to work with you to find the best solution to your estate planning needs.
