Powers of attorney are documents giving someone else the power to make decisions on your behalf when you are no longer capable of doing so. These could be financial decisions or, depending on the type of power of attorney given, decisions about your welfare.
They are very important documents, and should not be taken out lightly or without expert advice. But are they worth doing?
We think so, and here are a few reasons why:
1. We are all living longer. This is undoubtedly a good thing, but it does mean that more of us are likely to be afflicted with conditions that affect our mental capacity. It makes sense to plan ahead, just in case it happens to you.
2. It makes it easier for your friends/relatives to take care of you. If something happens to you, such as a serious road accident, for example, and you don’t have a power of attorney in place, then it can be difficult for your relatives or friends to deal with things like your bills or mortgage without going to court first. Sigue leyendo →
Estate planning is not just for older or wealthy people, younger people need an estate plan if they have minor children or to be prepared in case of a serious injury or accidental death.
Younger people who participate in risky sports or activities like skiing, cliff diving, car racing, or even boxing should consider the possibility that they could become seriously injured and require long-term medical care. Even worse, your untimely death could result from these activities.Sigue leyendo →
Today from Mypatrimony wish you all a happy weekend, but before you come back home with your family and friends and enjoy with them, we leave you this list that according to us the 10 main reasons why making your last will is so important but not just that but update it and make it easier for your loved ones using our free tool to register and plan your estate by clicking here:
1) Your children
2) Your spouse
3) Your family as a whole
4) To protect the outcome obtained with the efforts and work of your life
5) To avoid complications and unnecessary expenses for your heirs once you passed away
6) So you are sure your real last wills are known by those you want
7) To avoid the State gets the whole or more than necessary if you have no heirs or cannot locate them because unknown or abroad
8 ) To assure your estate is transferred to the people or organisms you wanted
9) To avoid that certain assets do not get to the people you would have wanted because you did not said that in advance
10) In summary, to be just you who decides about your estate not others