Decision-makers are those who will make decisions for you when you cannot make them for yourself. These decision-makers are needed if you become disabled or when you die. Take the time to determine who decision-makers are early in the process to prevent delay. Prior to your consultation, we recommend determining both your primary and back-up decision-makers. You will need decision-makers for:
- Medical Power of Attorney: Someone to make medical decisions for you if you cannot make them for yourself.
- Financial Power of Attorney: Someone to make financial decisions for you as needed.
- Personal Representative: Someone to wrap up your affairs after you die.
- Guardian: Someone to take care of your kids after you die (if you have minor children).
- Trustee: Someone to manage the assets of your trust (should you decide to create a trust).
Keep in mind:
- You may want to discuss the role with your preferred individuals to see if they are comfortable assuming this responsibility.
- It is okay for the same individuals to perform multiple roles. However, make sure to consider who is most suited to perform each role.
- For each decision-maker, it is a good idea to name a back-up person. It is not mandatory to do this. However, it is best to have someone else already named if your first choice is unable to perform his or her responsibilities.
If you would like help creating an Estate Plan, please set up an appointment with Lisa Mathews, Esq. We would love to meet you!
If you are an existing client and have a specific question, please let us know at admin@mathewslawpllc.com.
Mathews Law is ready to help you with your estate planning needs!