Make a Will or Lasting Power of Attorney Before It’s Too late
It’s impossible to predict what life unfolds. But it is in these better times that we must prepare for an uncertain future. More specifically, it’s imperative to make a will and lasting power of attorney.
The importance of making a will
In case of your untimely demise, an updated will or testament will ensure that your family remains protected during this difficult time.
Moreover, it will allow you to strategize the transfer of assets in a way that will minimize tax liability. You can also add instruction or appoint a guardian for minors.
You should work closely with your lawyer to determine you chose the right beneficiaries and appointed the executioners in your will.
If you recently got married or divorced, your previous will no longer remain valid. Don’t delay drafting a new will. I’ll help ensure that your assets are distributed as per your will, and your beneficiaries’ financial interests remain protected.
The importance of making a lasting power of attorney
A will is intended to keep your interest protected after you pass away. But a lasting power of attorney makes sure that your medical and financial remain protected while you’re still alive.
In case you suffer a medical emergency, which renders you unable to decide for yourself, the appointed person will be able to make decisions on your behalf.
Many people live under a false premise that a power of attorney is automatically passed down to a spouse or closed relative in case of such emergencies, but that’s not true.
Therefore, if you have a power of attorney, it’s crucial more than ever to appoint one for both your medical and financial matters.
About The Law Offices of Ron Marquez
The Law Offices of Ron Marquez is a general practice firm in Chico, CA that offers legal services related to will, trust, and probate. The firm has competent probate lawyers who help clients to draft a will, appoint a power of attorney, and are committed to helping them through any legal situation. Call at 530-332-8110 to schedule a free case evaluation or visit their website for more information.
This article does not provide legal advice and written for information purposes only. Reading the content of this article or information contained on this site, or the transmission of information from or to this site does not constitute an attorney-client


Comments
Post a Comment