Many people have a disinclination for one reason or another to put off estate planning they know they should attend to.
The catalysts that drive procrastination are many and varied. “There’s always tomorrow” is a mantra often heard when it comes to planning. That’s a comforting thought. In fact, though, tomorrow is never promised.
That seems especially evident during times of challenge and dislocation, when the status quo we are accustomed to seems to dissolve in uncertainty.
For many people, now is that time. Current health-linked circumstances with global implications reasonably spotlight planning imperatives that legions of individuals and families reasonably believe they need to timely focus upon.
A proven and empathetic legal team can help promote that important goal.
Planning strategies that are timely for many individuals now
Uncertain times underscore the need to safeguard finances and ensure that they are passed along as intended to future generations. Planners can materially promote that aim by drafting a durable power of attorney that appoints a specified person to manage financial affairs in the event of a sudden illness or disability.
Executing an advance health directive can also promote peace of mind for a planner. That instrument appoints a designated health care agent, empowering that person to make key health care decisions for an incapacitated planner.
The benefits that flow from a durable power of attorney and advance health directive are clear and obvious. They not only promote the aims of a planner under select circumstances, but also provide great clarity and certainty for affected loved ones.
Questions or concerns about estate planning in the event of a sudden illness or disability can be directed to an experienced estate planning and administration law firm.