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Your Will: Your
Will does more than just leave your personal and real property
to your loved ones. A Will allows you to designate who will
take care of your children in the event that there are no
natural guardians. A Will also allows you to designate who
will act as the Trustee or manage the financial legacy that
you leave to your loved ones. Lastly, a Will allows you to
determine who receives what gifts, when and under what conditions.
If you have a family member with special needs, you can establish
a Trust in your Will that takes care of your family member
while not making them ineligible for public assistance if
they need it.
Living Will: A
Living Will allows you to make medical decisions regarding
the measures you want your doctors to take or not take when
there is no chance that you will recover from a terminal illness,
coma or persistent vegetative state.
Power of Attorney for
Health Care: A power of attorney for health care allows
you to appoint an agent to make medical decisions on your
behalf in the event that you are incapacitated and unable
to make decisions for yourself. The power of attorney for
health care differs from a Living Will in that it deals with
medical situations unrelated to the end of life issues. Depending
on what powers you give to your agent, your agent can discuss
your medical conditions with your doctors, view your medical
records, hire or fire medical professionals and consent to
medical treatment for you.
Power of Attorney for
Financial Matters: A power of attorney for financial
matters is similar to the power of attorney for health care.
The power of attorney for financial matters allows you to
designate an agent to handle your financial affairs either
immediately when you are unavailable to handle them or in
the event that you become incapacitated.
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