Sign these Important Papers

Most Americans, regardless of age, avoid thinking about sickness or death with the hope that it will never happen. None the less one need to be practical in their thinking. Here are some important papers you must have completed.

Advance directive: A living will, a type of advanced directive, tells loved ones and medical personnel the treatment you want or don’t want should you be unable to speak for yourself due to accident or coma.

Durable power of Attorney for health care : Often included in an advanced directive designates your choice of who can make medical decisions for you when you cannot.( you may want to laminate this and put it in your wallet and/or hold it in an electronic storage that family members have access).

Will: With a Will you can head off potential family squabbles by spelling out who gets what. For those with asset values over $100,000 we always suggest a Living Trust that contains a Pour Over Will.

Durable Financial Power of Attorney: Not all of your assets can be in a Living Trust. If you are alive yet incapacitated, the only way a person chosen by you can access an IRA, pension or other financial account on your behalf is through this document. Many brokerage accounts have their own forms so better check with them to see if they are needed also.

This is just a start. In many cases you can get these forms online for a low fee. If you want to be certain you are doing it correctly in your state it is worthwhile to hire an attorney.

Watch my new FREE webinar, How To Double Your Social Security Benefits While Reducing Your Taxes By 80% In Retirement, take advantage of the free offer at the end.

Check out our other blog, the Wealthy Future Blog, to learn all the principles of Missed Fortune, as outlined by best-selling author, Doug Andrew. The articles, audio and video programs will provide information which you will find both enlightening and empowering!

You can also visit our website at Founders Group to learn more about how we can help you optimize your assets or provide you with any financial advice.

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