Most people want to feel as if they have at least a modicum of control in any given scenario. There are certainly situations in life that no California resident can control, but often, preparations can be made that could at least act as a guide for handling certain ordeals as best as possible. For instance, many individuals may benefit from creating health care directives that would allow them to provide instructions for care in a health crisis they cannot control.
Many California parents will be sending their children off to college for the first time this year. Though it is an exciting time, it can also be emotional and, with the current state of the world, nerve-wracking. As a result, it is wise to take measures to ensure that parents have the ability to care for their children should anything happen, and those measures could include obtaining a power of attorney.
Because an incapacitating event could happen to anyone, it is important that California residents make arrangements to have someone handle their affairs. Often, parties utilize power of attorney documents to appoint agents to handle financial and health care matters. However, it is important to know that an agent may not have sweeping authority in all related matters.
Deciding to appoint someone to handle important personal matters is a step in the right direction. Of course, even if California residents want to appoint power of attorney agents, they may feel uncertain about the best way to go about doing so. Additionally, they may wonder whether they can put more than one person in charge of different accounts.
An unexpected illness or injury could easily leave anyone in a difficult situation. In some cases, health conditions can leave a person unable to express his or her wishes for care, and someone else must do so. The idea of leaving these decisions in the hands of another can certainly seem scary, but fortunately, California residents can create health care directives for this purpose.
When creating an estate plan, California residents will need to appoint trusted people to various roles. One important role to consider is who to appoint as a financial power of attorney agent. However, this is not the only finance-related role that individuals need to fill when planning ahead.
In many cases, it is a good idea for California residents to have someone who can make decisions for them and act on their behalf when they are not available. Fortunately, power of attorney documents can help interested individuals appoint a trusted person to such a role. However, different types and powers exist, so it is wise to understand available options.
Most people in California know that estate planning is useful for leaving inheritances for heirs, but this is only a small part of a much larger picture. A well-rounded estate plan should also include a living will and power of attorney. These two documents allow an individual to address things like end-of-life issues, including preferences for medical care and who will make those decisions if necessary.
The year 2019 is coming to an end and many Californians are anticipating the beginning of a new year. Thoughts often turn to one's legacy, which can lead to thoughts concerning estate planning and providing for the next generation. The importance of having a comprehensive estate plan in place is becoming more widely recognized. But what documents comprise a comprehensive estate plan? Health care directives may be among the most important.
The California population is aging and many seniors live alone. A sad medical statistic reveals that many of these people may be in danger of having their financial affairs taken over by a stranger. People over 50 are at an increased risk of falls that can result in broken hips. One in three of those people will become incapacitated and die within 12 months of the fall. Failure to designate a power of attorney or create a health care directive can result in someone unknown to the individual making medical and financial decisions.