We’re all going to die someday.
For many folks, such a statement can be unpleasant to thing about regardless of who old they are. Regardless of a person’s thoughts or feelings on mortality, one thing that’s important for people as they get older is preparing a will.
What is a will you ask? Quite simply, it’s a legal document that states your wishes for your estate i.e. your belongings when you pass away. As the writer of the will, you the testator declare your wishes for the executor, who carries out the wishes of your will.
If you don’t have a will, it’s important to get going on one. In fact, more than 60% of the American public doesn’t have a will and more than half of Americans aged 55-64 don’t have one.
If you won’t have one yet and want to get started, you can either write a will yourself or enlist the help of legal services to get everything in order. Regardless of which way you do it, here are some important things to keep in mind when writing one:
The decision to grant someone the authority of a power of attorney is a hard one. There are a number of circumstances where that is beneficial but that does not mean it is any easier. Most people need some legal help in setting these up. This is a list of some of the benefits of giving someone this authority.
- You get to choose who makes decisions for you. If you do not have a power of attorney and something happens where you are not in a position to make certain decisions for yourself, those may be left to people you do not know. Often in elder law situations, a conservatorship or guardianship is put together