Health issues are a part of the aging process.
People get older.
As this happens, their bodies tend to fail.
They will ultimately die.
Unfortunately, our loved ones are not immune to this.
Neither are you.
You cannot change these facts.
Mortality is, after all, 100% according to the actuarial tables of every life insurance company, as supported by a long history of anecdotal evidence.
What can you do?
According to a recent article in the Chicago Now titled “Getting Old Sucks: Why To Start Estate Planning With Your Parents,” begin by talking with your parents.
You should discuss any estate plans and end-of-life plans they have already made.
If they have no such plans, you should ensure they get what they need.
What might these include at a minimum?
- A will.
- An advance health care directive (i.e., a health care treatment directive and durable power of attorney for health care decisions), and
- a general durable power of attorney for financial decisions.
To ensure everything is done right and according to the needs of your parents, you should work with an experienced estate planning attorney.
Do not delay.
You never know what unforeseen tragedy may occur.
If your loved one has a stroke and goes on life support, you will have no legal way of following his or her wishes.
To do so, you will need the aforementioned health care documents.
Save the headache and heartache.
Start the conversation with your parents and find an experienced estate planning attorney today.
So, how do you find an "experienced" estate planning attorney?
First, ask around. Friends, family and other professional advisors are trustworthy sources.
Second, conduct an "organic" search on "Google" for "estate planning" near you (e.g., "Estate Planning Anytown MoKan").
Third, either way, verify! Check out the education, experience, ratings and client reviews of any attorney before you contact him or her.
In fact, I use both of these services to thoroughly vett attorneys before referring members of our "client" family for legal help in other areas of law or for matters in jurisdictions outside Kansas or Missouri.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: Chicago Now (March 7, 2017) “Getting Old Sucks: Why To Start Estate Planning With Your Parents”