Welcome back. We are here with more tips that will help beginners with the beginning stages of estate planning. In our last blog post, we talked about creating a will and what should be included within it. Today, we are going to talk about POA documents and more.
Things to Include in an Estate Plan | Lawyer in Raleigh NC
Another important document in your estate plan is a healthcare power of attorney. This document names someone to oversee your medical decisions in the event that you become incapacitated and are unable to make decisions on your own. He or she will act on your behalf when it comes to your medical care.
Should you become incapacitated, you will want your financial affairs handled as well. In this case, you would name someone as your durable power of attorney. This document is also included in an estate plan. It allows the person you name to make decisions about your finances, including real estate and other business matters, until you are able to do so again. Your lawyer in Raleigh NC can help you get these documents created and ready to use, when needed.
Estate Planning | Lawyer in Raleigh NC
Remember, if you have an estate plan in place, your wishes will be carried out according to it. If you do not, then the courts are left to decide who gets what. It is usually determined by the order of succession, starting with a surviving spouse, then children, then other family members. If you have other plans for how your assets should be distributed, those need to be outlined in your estate plan.
Check out the next post in this series, where our lawyer in Raleigh NC will discuss whether or not you need a lawyer in order to create an estate plan.
Eldreth Law Firm, PLLC
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