(Powers of Attorney & Healthcare Proxies)
Ensure you are always taken care of
Estate planning is not just about what happens after your death…
Financial Powers of Attorney, Healthcare Proxies, and Living Wills enable you to choose someone you trust to make decisions on your behalf.
In the event of unexpected incapacity, it is essential that proper planning is already in place to give legal authority to someone you trust to make decisions on your behalf. This planning is not just about the documents, although those are necessary and important. These documents need to include thorough, clear, and specific instructions for the people you have chosen to step in. Having a complete and thoughtful plan in place will lessen the mental and emotional burden on your loved ones during what will likely be one of the most difficult times of their lives.
Additionally, as time passes, legal documents can become outdated and must be regularly revised to be effective and honored by financial and medical institutions.
Guiga Law’s emphasis on comprehensive incapacity planning will ensure that your documents all work together as an integrated plan that will actually work as intended during this vulnerable time.
Your estate plan must also anticipate the possibility that you will need assistance during your lifetime should you ever become unable to manage your own affairs. If you were to become incapacitated, you would be legally unable to make financial, investment and family and business management decisions for yourself. But the bills still need to be paid and other financial affairs still need to be managed.
In addition, if you were unfortunately incapacitated, you would also be unable to make your own medical decisions. Due to patient privacy laws, your loved ones may be denied access to important medical information they need to make critical decisions about medical treatment on your behalf.