One legal document that many people create as part of their estate planning is a durable power of attorney. This legal document allows a person to designate who will be in charge of making health care decisions for them if they for some reason become unable to make such decisions on their own. Thus, making such a document can be an important part of planning for potential future incapacity.
Can a durable power of attorney be revoked?
Life care planning is as important as retirement, estate plan
When it comes to the end of our lives, most people will be consumed with two major ideas: retirement planning and estate planning. These are two very important elements that need to be well thought out, there's no doubt about that. But in between these two factors will come an equally crucial time in a person's life: that period of time where your body and mind deteriorate to the point that you can't take care of yourself anymore.
Why you need legal help when putting together your estate plan
As we've written about many times before, estate planning is a complex job that many people put off for far too long. Some people simply don't want to recognize that they need an estate plan, and they put off completing this task as a result. Others simply think there's no need for them to have an estate plan due to their perceived lack of assets, but again this is a misguided approach to estate planning.
