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With all the tornado watches, falling trees, and work-place shootings, no doubt many of you are thinking about your disaster preparedness plans.  While thinking about where to take cover or where your family will regroup in the event of an emergency, it is also time to think about whether you are prepared in your personal life.  Do you have a Will, Advanced Directive and Power of Attorney?  If you do, do you need to review or revise them?

You may need to think about your setting up or revising your estate plan if the following events have happened:

  • Marriage
  • Divorce
  • Birth
  • Adoption
  • Home purchase
  • Change in assets
  • Illness or injury

Wills are not just for the wealthy.  Anyone who owns property, is married, has a domestic partner or has children should have a basic will that establishes who gets what and what happens to your children in the event of your demise.

If you are injured or get sick and cannot make decisions about your medical care, having an Advanced Directive for Healthcare (more commonly thought of as a "living will") will ensure that your medical decisions are made by a person you trust and in keeping with the kind of care you want to receive.  An Advanced Directive is particularly important for couples who are not legally married but wish to entrust their partner with their medical decisions.  Same goes for Power of Attorney.  By assigning Power of Attorney to a spouse or partner, that person is able to handle your affairs (access accounts, act on your behalf), in the event that you are incapacitated and they are not otherwise assigned those rights (ex. bank accounts in your name only).

Torriente Marum, LLC offers flat rate packages for simple wills, Advanced Directives, and Power of Attorney for individuals and couples.  Call or email our office for more information!

Posted
AuthorElizabeth Marum

 

One of the most emailed articles on the New York Times website yesterday morning was an opinion written by Susan Jacoby.  The title of the opinion was “Taking Responsibility for Death”. In the article, Ms. Jacoby tells us about her mother’s last few months and how she had drawn up Advanced Health Care Directives years before she became ill.  She didn’t want her children to make the decision so she made it for them.

Ms. Jacoby also cites several facts from a 2006 Pew Research Study:

  • Only 70% of married people have discussed end of life treatment.
  • 40% of older adults  have told their children their wishes for end of life treatment

 

Have you had end of life discussions with your spouse?  If you are single or widowed, have you discussed the decisions with your children or other close family members?   Do you have an Advanced Health Care Directive?  If your answer to any of those is no, we hope that you will contact us at Torriente Marum, LLC.  Let us help you address these issues in your Advanced Health Care Directive.

Posted
AuthorAdriana Torriente