We will be writing a series called "Personal Responsibility." This series will cover a variety of topics and will answer frequently asked questions. It will also pertain to issues regarding becoming a happier and healthier you.
Why do I need a Will?
Becoming personally responsible includes making a Last Will and Testament. This document controls the disposition of your property at your death. If you do not have a Last Will and Testament, don't worry--the state is not going to take your property as many people mistakenly fear--the state will just control who gets and who doesn't get your property when you die.
Why do I need a power of attorney?
A power of attorney is a legal document that vests legal authority in someone that you appoint to make financial and health care decisions for you when you no longer can make your own choices. This is a most important document, and we tell our clients that it is more important than a Last Will and Testament. Why? Because these documents enable someone to assist you while you are living, at a time when it matters to you!
Many of our financial statements and other relevant documents no longer come in the mail, as we have evolved to a technologically savvy society. Be sure that you have properly planned for your personal representative to have access to your assets that are maintained digitally.