Here in Atlanta, living will attorneys know full-well the ramifications of not planning ahead for an unexpected disability. Even those clients who understand the importance of estate planning tend to overlook what would happen if they should become unable to care for themselves. It’s not the happiest thought, but the reality of not having a living will can make the situation considerably worse for both you and your family.
A major disability can be devastating to an entire family, both emotionally and financially. Pre-planning for the possibility can reduce some of the heartache that often accompanies these situations.
You may assume that your spouse would simply make decisions for you if and when a major problem takes place. Ask yourself, if he or she really wants to be responsible for some of those decisions. For example, if you were in a coma, how would your spouse react to making the choice of whether or not to stop life support? Even if your loved ones know your wishes, simply having them in a formal document can remove a considerable burden and amount of potential guilt.
A living will attorney can help you to draw up these documents so that your family does not have to make these choices. The attorney can also assist by offering insight into situations you likely wouldn’t have considered. Are you opposed to a blood transfusion? Are you adamantly against ending life support? What needs to happen if you become mentally disabled? Who should be given power of attorney over your other health-related issues?
Having a major illness or injury is very expensive and can keep you from working during and after hospitalization. Your Atlanta GA living will attorney will also advise you on what needs to happen financially if you are unable to take care of your own needs. For example, you will likely set up a power of attorney, as well as to determine how long-term care will be paid for. Will you need to sell your house? Will you be eligible for disability insurance? These are all questions that the living will attorney will go over with you.
There are plenty of other considerations that need to be addressed by a Atlanta Georgia living will attorney. From what will happen to your children to where you might end up in nursing care, there are choices that need to be made. Planning in advance with your attorney in Atlanta will ensure that your wishes are being followed if the time should come.
If you are ready to get started in creating a plan that will protect you and your family should incapacity or disability occur, give our office a call at 770-425-6060 and ask to schedule a Georgia Family Treasures Planning Session. These sessions are normally $750, but you can come in free with the mention of this article. However, these sessions are limited to 10 per month so call today!
By Steve Worrall, Atlanta, Georgia estate planning attorney
As an Atlanta and Marietta estate planning attorney, I know Generation Y has a lot to think about…starting their careers, buying their first home, starting a family. All of these things are beginnings, so it’s a rare day when someone in this generation wants to think about The End. But there are 4 reasons that they might need to…
A lot of people think that youth is an excuse for putting off doing a will or trust. But estate planning is not just about planning for your death. It is also prepares you in the event you experience an incapacitating injury and are unable to make your own financial or medical decisions. While the odds are certainly in your favor that you will not need an estate plan, you should still consider these four scenarios…
1. You need a plan in the event that you become disabled or incapacitated.
Unfortunately tragedies happen every day. And you are not immune to them because you are young. If something happens to you and you are no longer able to make decisions regarding your own financial, legal, and medical affairs you’ll need to make sure that there are basic documents in place such as a medical directive, power of attorney and HIPAA authorization so someone can.
2. You need to pass your assets.
You might be asking, “What assets?” Even if you do not yet own your own home, you need to consider IRAs, retirement accounts and life insurance accounts offered through your employer. You need to make sure that beneficiaries are named in the right way to make sure that the people you want to leave them to get maximum benefit.
3. You need to name guardians for your kids.
If you have children, you simply must name guardians. You should be the one who decides who will raise them if you are no longer around. You do not want this decision left to squabbling relatives or to a court system who doesn’t know you or your child.
4. You need to plan for your pets.
If you have a pet, chances are they are a big part of your life. They are totally devoted to you and also totally dependent on you. Have you stopped to think what might happen to them if something were to happen to you? If you want to make sure your companion is cared for if the unexpected happens, you could choose to put together a plan for their continued care. The plan may include directions about feeding, medical care and other needs along with funds necessary to provide for your pet’s support and to compensate the caretaker.
The scenarios above are just a few to consider when deciding if you need a will or trust. If you are in the Atlanta area, I encourage you to talk with an Atlanta and Marietta wills and trusts lawyer. Only then will you have the peace of mind of knowing that you are fully protected.