Because of old age, a disease, a serious accident or injury, many people, old and young alike, can become incapable of taking care of themselves and their financial affairs. In these circumstances, it is necessary for another person to handle their personal affairs, which includes making all their important health care decisions for them.
Now imagine this scenario happens to you. For example, if you are severely injured in an automobile accident or you experience a sudden medical emergency that leaves you in a state of unconsciousness, you will not be able to relay your medical wishes to your doctor. However, with certain legal documentation in place, you can rest assured that your wishes will be followed.
At Solomon, Steiner & Peck, Ltd., we are dedicated to helping you with your estate planning. From assisting you with creating legal documents such as power of attorney and a living will to appointing a guardian who will oversee the affairs of your estate, our firm will do our best in helping you learn what you need in preparing for your future and the future of those in your care.
One significant legal document is durable power of attorney. In this document, you appoint a trusted person to oversee your monetary affairs including managing your investments, settling your debts and claims, filing your taxes and investing your assets. We could also assist you with health care power of attorney documentation, in which you select a person who will be responsible for your health care decisions after your doctor determines that you are incapable of making them yourself. If you want to know more about how to be prepared for your future through wise estate planning, you can find the information you need by visiting our page on durable power of attorney.