Important documents you should have in place now

Important documents you should have in place now

| Written by Laurie Taylor | “By failing to prepare, you are preparing to fail.” ― Benjamin Franklin When I talk to clients about having their Estate Documents in place, I am often dismissed because "we don't have enough money to worry about." Estate Documents deal with much more than money. They also state your wishes and provide for your needs if you should become incapacitated. At the bare minimum, you need to have in place: A Living Will - A living will is a document that provides specific instructions about healthcare treatment. It is generally used to declare wishes to refuse life-sustaining treatment under certain circumstances. If you do not want to be kept on life care support, you absolutely need this document. Health Care Proxy or Durable Health Power of Attorney - In the event that you are unable to make treatment decisions, the healthcare proxy allows you to choose someone you trust to make treatment decisions on your behalf. The person...
Read More
It’s time to have that difficult conversation with your older parents

It’s time to have that difficult conversation with your older parents

| Written by Laurie Taylor | I moved away from my parents' home before I turned 18 years old. Whenever I would go back to visit, my mom would tell me "All our important papers are in that file cabinet." I would nod but I never walked over to that file cabinet and opened the drawer to see what she thought was important. That file cabinet represented an event that I did not want to face; that my mom would no longer be able to handle her affairs. I also never asked her any questions, such as "Where are your bank accounts? Do you have any investment accounts? Life insurance? A safety deposit box? Are your estate documents current? What are your wishes for your funeral?" It felt awkward, like I was excitedly anticipating her impending demise. However, death is inevitable and denying its existence will not stop it from occurring. Sometimes, before death occurs, there may be a period of incapacitation....
Read More