Preparing for your future estate planning needs is essential to protect your estate assets and provide financial security and peace of mind for your family members in times of medical crisis. Taking the necessary steps now in creating a Living Trust and Medical Power of Attorney will avoid unnecessary time delay, hardship, and legal costs to your family members.
However, when establishing your Living Trust, Medical Power of Attorney and other estate planning documents, the strategies and choices you make in creating these documents are just as important as creating the documents in the first place.
Strategic estate planning will solve many estate planning legal problems that boilerplate (on-line) documents do not resolve. Just having a Living Trust and Medical Power of Attorney is not enough. You need to be aware that there are strategic choices and language that must be included in your Living Trust and Medical Power of Attorney that will have a significant impact on achieving the goals you desire to avoid continued hardships for your family members. Your Medical Power of Attorney and Living Trust, together with the General Power of Attorney needs to be able to work immediately in times of crisis when time is of the essence. Proper strategy in drafting these legal estate planning documents will achieve your desired results.
Examples of these strategic estate planning options in preparing your Living Trust and Medical Power of Attorney are as follows:
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