Good estate planning includes having an up-to-date will, a Power of Attorney, and a Health Care Directive.
By having a will, you ensure that in the event of your death, your property will pass to the person or people that you have chosen in your will.
A “Power of Attorney” is a document where you appoint the person who will take care of your affairs if in the future if you should become ill, injured, or incapacitated. If you don’t have a “Power of Attorney” and you become unable to manage your affairs – your loved one will need to make a court application in order to make the day-to-day decisions that will be necessary to manage your affairs.
A Health Care Directive is a document where you state your intentions regarding your personal health care. This Directive would be followed in the future if at some point you cannot express your intentions.