Finances are Key
September 4, 2012 By Anderson, Dorn & Rader, Ltd.
Estate planning extends into areas beyond arranging for the eventual transfer of your monetary and physical assets to your heirs. All of the eventualities of aging should also be taken into account because people usually don't pass away suddenly without experiencing any health difficulties beforehand.
With the above in mind it is advisable to execute documents called advance directives for health care. As the name indicates,this involves providing formal instructions with regard to medical matters.
If you were to become unable to communicate due to health reasons certain questions may arise.Since you would not be in a position to state your answers someone else must do so on your behalf.You select this potential representative by executing a document called a durable power of attorney for health care,which is an advance directive.
Another advance directive that should be a part of every plan for aging is a living will.This type of will does not have anything to do with financial matters.With a living will you express your preferences to your physician regarding medical procedures, largely the use of artificial means to keep you alive if you were in a vegetative state and there was no hope of recovery.
The best way to make sure that you are comprehensively prepared is to sit down and discuss everything with a qualified estate planning attorney.Your lawyer will gain an understanding of your unique situation and assist you as you devise the plan that is ideal for you and your family.
ABOUT THE AUTHOR: Bradley Anderson
Experienced estate planning attorneys Reno NV of the Anderson Dorn & Rader Ltd offers estate planning and business planning resources to residents of Reno NV.
Copyright Anderson, Dorn & Rader, Ltd.
More information about Anderson, Dorn & Rader, Ltd.
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
If you were to become unable to communicate due to health reasons certain questions may arise.Since you would not be in a position to state your answers someone else must do so on your behalf.You select this potential representative by executing a document called a durable power of attorney for health care,which is an advance directive.
Another advance directive that should be a part of every plan for aging is a living will.This type of will does not have anything to do with financial matters.With a living will you express your preferences to your physician regarding medical procedures, largely the use of artificial means to keep you alive if you were in a vegetative state and there was no hope of recovery.
The best way to make sure that you are comprehensively prepared is to sit down and discuss everything with a qualified estate planning attorney.Your lawyer will gain an understanding of your unique situation and assist you as you devise the plan that is ideal for you and your family.
ABOUT THE AUTHOR: Bradley Anderson
Experienced estate planning attorneys Reno NV of the Anderson Dorn & Rader Ltd offers estate planning and business planning resources to residents of Reno NV.
Copyright Anderson, Dorn & Rader, Ltd.
More information about Anderson, Dorn & Rader, Ltd.
View all articles published by Anderson, Dorn & Rader, Ltd.
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
