Everyone needs a will to minimize the cost of passing property to loved ones at death; this is especially important when minor children are involved. We believe that every person has the duty to have a will and, if a minor child is involved, appoint a guardian to protect that child and the assets the child will inherit.
Designating a financial power of attorney will allow someone chosen by you to administer the financial aspects of your estate in the event that you are incapacitated.
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.
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.
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.
There are many things to consider when choosing a guardian for your children, and each family’s situation is different. Typically our clients select a trusted family member or friend who they know will be able to financially and emotionally care for their children should something happen to them.
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 firstname.lastname@example.org. We will be happy to work with you to find the best solution to your estate planning needs.