Estate Planning does not only encompass death-time planning, but also incapacity during life. Ancillary documents are what we consider "incapacity planning" documents.
If you got into a car accident and were not able to make your own medical and financial decisions, who would make them for you? The ancillary documents below give you the opportunity to list who you would like to step in your shoes if you were unable.
1. Statutory Durable Power of Attorney
Allows you to name who you want to make business and financial decisions for you in the event of incapacity or disability.
2. Durable Power of Attorney
Allows you to name who you want to make your medical and health care decisions for you in the event of your incapacity or disability.
3. Directive to Physician (Living Will)
Declares your wishes with respect to life-prolonging treatments and procedures.
4. HIPAA Authorization
Permits you to name individuals to have access to your medical information and records.
5. Declaration of Guardian
(Should the Need Arise) Allows you to name the individuals who will be your guardian of your person and estate in the event of your incapacity or disability. More importantly, it allows you to name the individual you DO NOT want serving in that capacity.
6. Declaration of Guardian for a Minor Children
(Should the Need Arise) Allows you to name the individuals who will be the guardian of your children in the event of your incapacity or disability.
It's important to plan for the unknown and what you would do should you become disabled or incapacitated.
Do You Need The Guidance Of An Experienced Estate Planning Attorney?
If you find yourself thinking more and more about how to preserve your assets for your family you should speak with an experienced estate planning attorney as soon as possible. Contact us online or call our Dallas office directly at 214.559.7202.