Important Documents Everyone Should Consider

Important Documents Everyone Should Consider

Michelle Porjes, Creator and Director of LA Elderly

Now that I am nearly four years since the creation of LA Elderly, I not only have my own experiences; I have learned from the wisdom of others. As I shared in one of my articles:

“Give your family the greatest gift possible by making sure you have paperwork regarding your estate, power of attorney, and any other needed documents created. It’s an uncomfortable topic to think about and much less addressed. However, once it is completed, you have peace of mind” (https://laelderly.org/a-letter-from-one-to-another-the-caregiver-journey/)

I am not a lawyer, nor am I giving Legal Advice. I urge you to consider creating the following important documents:

  1. A Last Will and Testament-a legal document that details wishes regarding property and assets after an individual’s death. 
  2. An Advanced Health Care Directive- a legal document that is shared with medical personnel  wishes about your health care if the individual is unable to make the decisions.
  3. A Durable Power of Attorney for Asset Management-a document that authorizes an agent or chosen individual to manage financial affairs if the individual becomes unable to manage them.
  4. A Grant of Authority to Health Care Agent-a legal document which allows an individual to work with medical professionals on an individual’s behalf, accept or refuse medical decisions, and have access to an individual’s medical records. 
  5. A Declaration of Trust–a legal document used to establish the primary details of a trust

Each individual and family is unique. When it comes to legal documents about health and finances, take time to plan, discuss, and ensure these are up to date. When you are ready, seek out legal counsel to walk you through the steps for maximum protection. Many estate lawyers charge a flat fee, rather than an hourly fee, for this service.

If you like this article, more articles can be found at www.laelderly.org.

**This article is for informational purposes only.**

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