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Why Is a Living Will Important?

A Living Will, or Directive to Physicians, is a legal document that informs emergency responders, physicians, and family members of your wishes in the event you require emergency or end-of-life medical care at a time you are unable to communicate your wishes. Your Living Will is signed by you and notarized while you have full capacity to execute the document. This estate planning tool can be as detailed or simple as you would like, but it often contains at least your preferences for either life-sustaining care or palliative care in the event you have a terminal or irreversible condition. 

Sending Your Kids Off to College? Have Them Sign These Two Forms

A medical power of attorney and a durable power of attorney are essential to any estate plan, although not considered by most adults until nearing retirement, but why are these documents also important for young adults? Once children turn eighteen, parents no longer have the authority to make health care or legal decisions for their children even if they are still footing the bills-college tuition, insurance, and the list goes on. Losing this authority means that if your child becomes disabled in an accident, you may need to seek court approval to act on your child's behalf.

3 considerations when updating an estate plan after divorce

Your estate plan is something that you can personalize as you see fit. Even if you already have an estate plan made, you must update that plan if you get a divorce. This ensures your loved ones know your wishes for when you can't convey them yourself. You probably know that you should divide up your assets when you make the plan. There are also many other things that you should consider when updating your estate plan after a divorce.

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