Have You Been Diagnosed With An Illness? Get Your Estate In Order
If you have been diagnosed with a serious illness and it has made you realize that you don't have anything in order with a will, final wishes and more, it's time to work with a lawyer. You want to talk with a lawyer that can help you plan out some of the arrangements that would have to be made and to figure out the details associated with medical complications and death. Talk with your lawyer about the following things, so you don't have to worry if something comes up with your health.
If you are unconscious, in a coma, or have other life-threatening injuries, complications or problems, you have to dictate a person to make decisions for you if you don't have a spouse. If you have next of kin, they may be asked to make the decisions, but this is often something parents don't want their children the stuck with. Sometimes it's best to have a sibling or another close family member who you trust to be your medical power of attorney.
Appoint an Executor
When you don't plan what you want to happen with your money and assets, the state will decide, or they will have to wait until someone is appointed the power of attorney. Instead of risking things going awry, appoint an executor of the will, and then they will handle seeing the will through.
Evaluate and Manage Finances
Next, you want to go through all your financial documents with the attorney. They need to know about your debts, assets, savings, and anything else that will affect the estate. They will put all of this into the will, so there will be set directions where everything goes. Make sure to update any changes to your lawyer so that they will always have the latest information about your finance.
If you know that you are at the risk of death sometime in the future, and you know that you have no preparations in order, it's time to take action before it's too late. You need to decide if you want to be resuscitated or not, who you are leaving any money to, and what type of celebration or funeral you want. Once you decide on these things, you will be able to have some peace of mind. Talk with a law office like Abom & Kutulakis LLP for more information today.