Managing a life requires a great deal of personal legal documents everyone should have. Further, the biggest legal document mistake you can make is not scanning your records and risking a loss. Check out which legal documents are most important, here.
Living Will
A living will is an advance directive that tells medical professionals what to do if you are unconscious and can’t make your own decision. You can make decisions ahead of time instead of leaving it up to family members who may have different opinions. Further, you can determine how you want doctors to proceed given various situations.
Last Will and Testament
A will details who should inherit your possessions. You may own your home, a car, a boat, expensive jewelry, or other items that you want to give to specific people.
The will specifies to whom the items go. Further, you should appoint an executor to carry out your wishes.
Pro Tip:
The executor of your will is typically someone close to you, such as your next of kin. Many people choose the eldest child to be their executor.
-
Guardianship Documents
If you have children under the age of 18 or dependents who will always need supervision, you should know what arrangements will be made for them. Your will should specify who will care for them when you are gone or if you die prematurely.
Include a list of possible caretakers—including aunts and sisters—in case someone is unwilling or unavailable at the time of your death.
Health Care Power of Attorney
Designating a durable health care power of attorney gives a person of your choosing the ability to make medical decisions on your behalf. You’ll appoint a health care proxy who can talk to doctors, access your health care information, and make decisions about your treatment. Your proxy can decide which facilities to send you to and which types of doctors you see for care.
-
Medical Information Release
A medical release form allows doctors and other medical staff to share a person’s medical records with you. If you and your spouse or partner want to access each other’s records, or you wish to access the records of someone for whom you are care taking, you will need them to sign a release form.
other related articles of interest:
How to Set Up Your Estate for the Future
The Truth About Estate Planning (Wills, Trusts, and Probates)
Financial Power of Attorney
Also known as a durable power of attorney, this document gives the power of attorney authority to manage your finances if you become incapacitated. Most individuals’ power of attorney is their spouse. They can access your bank accounts, pay your bills, and manage legal matters. You can decide if you want your spouse to always have access to your accounts or only once you become incapacitated.
Secure these personal legal documents everyone should have sooner than later. You never know when a medical emergency or something worse will occur. Protect yourself and your family with the right legal documents.
Image Credit: by envato.com
end of post … please share it!
end of post idea for home improvement
view and analyze home improvement ideas at our LetsRenovate center
Helpful article? Leave us a quick comment below.
And please give this article a rating and/or share it within your social networks.
