Mitigate the Risk: The Power of Pre-Planning

Posted on

Apr 05, 2021

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If 2020 has taught us anything, it is that you never know what is going to happen next. In the midst of all the uncertainty and challenges this year has brought, you may have found yourself feeling overwhelmed, confused, and frightened of what the future could hold. Life shouldnt have to be that way. You need the opportunity to live with peace of mind and not be faced with constant worry. While there are no guarantees of protection from everything that could come your way, there are some practical steps you can take to keep your family & your assets protected from the next crisis.
You likely have thought about who you would want to make decisions for you if you were unable to make them for yourself (due to incapacity), but have you taken the time to make it official? You have also likely thought about how you want your assets to be managed in the event of your passing, but have you sat down with an attorney who could guide you on how to make sure those wishes are fulfilled? There are some essential Estate Planning documents that everyone needs to have in place to keep you protected and able to face whatever comes your way. Having a Durable Power of Attorney over your finances & your healthcare allows you to have a decision-maker predetermined and keeps your family from having to apply for Guardianship and/or Conservatorship. Having Estate Planning done to assign your assets in the way you wish can keep your family from having to go through Probate court after your passing, saving them money and stress. These measures cant prevent the next pandemic, of course, but they can provide some peace of mind to you and confidence that you can live secure, knowing your family is taken care of.
If these are things you have been curious about, now may be the time to meet with a trusted Elder Law or Estate Planning attorney to see what options you have for keeping your family covered in the next crisis.
This is not intended to be legal counsel. The choice of an attorney is an important decision and should not be based solely upon advertisements.
Editors Note: This article was submitted by Aaron L. Love, JD.Aaron isan attorney with The Love Law Group, LLC and may be reachedat 816-554-3330 orby email at planning@lovelawgroup.com.

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