The coronavirus pandemic has forced many people to consider their legal affairs and what they want should the worst occur. While no one likes to think about their own mortality, creating an estate plan that contains the essential documentation that dictates your wishes for end-of-life care and beyond benefits you and your loved ones in the long-term. At Kryszak & Associates, our estate planning attorneys are here to help you devise an estate plan that meets all your needs. To learn more, call or contact our office today to schedule a consultation.
Essential Estate Planning Documents
A comprehensive estate plan can cover issues regarding your medical choices as well as how you would like your estate distributed after your passing to your heirs and beneficiaries. These documents can be created and revised over time as circumstances change within your life. Some of the most essential estate planning documents include the following:
A will dictates how you would like your estate to be distributed after your passing, along with other instructions about how your property should be handled once you are gone. This can include an appointment of an executor or administrator of your estate, the establishment of a trust, and the identification of heirs and beneficiaries to your estate.
Power of Attorney
A power of attorney identifies an agent to make financial and legal decisions on your behalf if you are unable to do so yourself. Illness, injury, or dementia can all require a power of attorney to make decisions on your behalf if your condition renders you unable to communicate them yourself. You should only appoint a trusted individual as a power of attorney, as their decisions are binding.
A living will gives directives on your medical care for healthcare professionals if you are unable to do so yourself. This can apply to unexpected illness or injury as well as for end of life care in your twilight years. A living will can include decisions about all the following and more:
Surgeries and other treatments
- Resuscitation choices
- Palliative care
- Feeding tubes, ventilators, and more.
Finally, a healthcare proxy works similar to a power of attorney in that it allows you to appoint someone to make medical decisions on your behalf. You should only appoint someone as a healthcare proxy if you have communicated with them about your medical choices and they agree to abide by them if you cannot communicate them yourself. If you have a living will and a healthcare proxy appointed, the healthcare proxy is bound by your decisions in the living will. To learn more about managing your affairs, talk to an experienced estate planning attorney today.
Talk to Our Office
Has the COVID-19 pandemic made you consider getting your affairs in order? If so, the knowledgeable Ohio estate planning attorneys at Kryszak & Associates are here to help. Call the office or contact us today to schedule a consultation of your estate planning needs.