When considering estate planning, many individuals focus on drafting a will or creating a trust to manage asset distribution after their passing.
However, there are several other additional documents we should think about when crafting an estate plan tailored to your individual needs.
Here are a few examples:
Living Will: This document articulates in writing a person’s “end of life” wishes in the event of their unconsciousness with an unlikelihood of regaining consciousness (vegetative state).
Designation of Health Care Surrogate: This document allows you to nominate a person to make medical decisions, obtain health information, and give consent on your behalf for medical treatments.
Power of Attorney: This document grants someone else the authority to act on your behalf. This means that this person (aka your agent), can step in and make decisions and take actions for you.
Remember, conversations without documentation, hold no weight.