What Are The Most Important Estate Planning Documents?
At Kentucky ElderLaw, PLLC, we know that planning your estate can be confusing. You may feel overwhelmed by the numerous legal documents you have to create. Here, we will go through some of the most important documents to have in place when planning for your future.
Durable Power Of Attorney
A durable power of attorney is a legal document that authorizes one person to act on behalf of another person in financial and legal matters. It is called durable because it remains valid after the person granting the power has become incapacitated; this is when a power of attorney is most often needed. The person who is given the power is called the attorney-in-fact.
Health Care Surrogate
A health care surrogate (also known as a health care power of attorney) is a person who makes medical decisions for you when you can no longer make medical decisions yourself.
A will is the document where you state who gets some of your things when you die and is an important part of estate planning. The person who carries out your wishes is the personal representative, or executor. The personal representative or executor has no control over who gets what. This is designated ahead of time in your will. Your personal representative does not undertake his role until you have died and the court has approved his appointment.
A living will states your wishes about the use of artificial life support to keep you alive a few days longer but only when you are permanently unconscious or terminally ill with no chance of survival.
Learn About Other Important Documents
There are many other options available when you create an estate plan. Contact Kentucky ElderLaw, PLLC, and we can explain these documents and more to you. Call us in Bowling Green at 270-467-0002 or in Louisville at 502-581-1111. You can also send an email.