Despite the fact that it may seem unusual coming from someone who specializes in care, you must prepare your estate documents. When engaging with your estate planning council, you should always plan from a care perspective.
The majority of people consider your will to be the most important estate planning document. Yes, if you want to influence what happens after you die, you must have a will. In my day-to-day job, however, I am focused on aiding folks in enjoying dignified lives. And I’ve discovered that if a person does not complete a power of attorney or a living will, their life may become complicated and challenging as they age.
Conflicts usually emerge when family members are unable to handle your care because they are uninformed of your desires. Furthermore, without these incomplete documents from before a medical emergency, the next step of your treatment is usually challenging.
People who do not prepare ahead of time may find themselves in a guardianship. A legal process known as guardianship is used to protect persons who are unable to care for their own well-being due to incapacity or disability.
The court will appoint a legal guardian to care for a person who needs special protection. When this occurs, the individual becomes a ward of the state. Guardianship may be avoided by preparing these important documents.
What is a power of attorney document?
A power of attorney is a legal document that authorizes one person to act on behalf of another. This grants the person you selected broad or limited legal control over your money, possessions, and medical care. It is also used when a person’s sickness or disability prevents them from signing legal documents necessary for financial transactions.
A medical power of attorney is a legal document that authorizes one person to make key decisions on your behalf only when your doctor certifies that you are unable to do so.
You indicate your wishes for both end-of-life care and other sorts of medical treatment in your living will. They only apply if you are unable to communicate your preferences.
The Five Wishes Document
IKOR also works with clients to create a document known as the Five Wishes document. The Five Wishes document is a fundamental document that explains what you want in terms of mental, physical, and spiritual well-being, as well as your medical choices in the event that you become seriously sick. It is legally binding in numerous states, including Pennsylvania.
By creating these papers with the assistance of your personal attorney, you may provide your loved ones with absolutely precise instructions regarding your intentions. It is important for you that they do not have to face tough choices without being aware of what you want.
At IKOR, we can assist your family members in navigating these difficult circumstances, as well as seniors in any of these positions. In addition, we will work with your financial advisor or attorney to encourage discussions regarding these documents. They handle the legal and financial issues, and we help you with your care-related needs to maintain dignity and an acceptable standard of living for the rest of your life.
To learn more about how IKOR can help you with this proactive process, you can contact us toll free at 855-456-7972 or visit our website at www.ikorofwpa.com.