Planning for the future is not easy. You cannot predict what will happen tomorrow yet alone years down the road. However, there are certain legal and financial steps that will help you lay the foundation for security and stability in the years to come. Through a solid and thoughtful estate plan, you will be able to look to the future with confidence.
Many people confuse drafting a will as estate planning. While this is certainly part of it, often the first step, it is not the only thing you may need to do. There are various tools available to you that can help you address your specific concerns and individual needs. One of the things you may need to do is draft a power of attorney, which will help you have a say over certain things in case you are ever unable to speak for yourself.
What does a power of attorney do?
A power of attorney gives you the right to say what type of medical care and financial decisions you would want in the event that you are unable to say for yourself. This may be because of a mental illness, a grave disease or serious injury. This document allows you to name a person to act on your behalf. Some of the things this designated individual will be able to do include:
- Give approval for certain medical procedures not prohibited by your living will
- Decide which types of medical care providers will use to treat you
- Decide which facilities you will go to for treatment and admission
- Have access to you while in the hospital and see your medical records
- Decide what will happen to your body after passing
These are major decisions, and deciding on a person to act in this capacity is a major choice. It is in your interests to think carefully about all estate planning choices, especially those that could impact you directly at some point in the future.
Planning for the future, today
Your estate plan should be unique to your needs and suit your goals for the future. If you are not sure of where to begin with this process, or you need to add certain things to ensure you have a complete estate plan, you may want to reach out for the assistance of an experienced Hawaii attorney. An assessment of your case can help you understand what options you have and what protections you need.