Why Estate Plan? Because we love them!
February 7, 2023
Share this
Over the past few weeks we have explained the purpose of the Georgia Advance Directive for Healthcare and the Durable Financial Power of Attorney. But we thought before we continue with our legal explanations of important estate planning documents, we would explore the impact on families if these arent in place. So why estate plan?
Dying without a will
What do Jimi Hendrix, Aretha Franklin, Bob Marley, Amy Winehouse, Sonny Bono, Michael Jackson, Prince, Kurt Cobain have in common? Yes, they are all celebrities, but they are also known for another reasonthey died without a will. This caused family turmoil and legal proceedings. We are all now even witnessing disagreements regarding Lisa Marie Pressleys estate just weeks after her death.
You may think these disputes only happen with millions of dollars at stake, but you are wrong. They happen daily when legal plans arent put in place and family discussions havent occurred. Lets look at a couple of true situations that commonly arise for families seeking help from Hurley Elder Care Law.
83-year-old Jane
Is in the hospital in a coma and her three children are at her bedside. Jane hasnt filled out an advance directive and her children arent agreeing on medical decisions. Jane, a loving mother, would certainly want her children to work together and support each other during this time, but unfortunately, they look at their moms care differently and are at odds with each other instead. This situation could have been easily prevented if Jane had shared her wishes in an advance directive and discussed them with her family.
Joe, a beloved grandfather of 6
Has dementia and has been misspending his money and succumbed to scams. His two children are working together and are trying to take control of his financial situation to protect him and pay his bills. Their obstacle is Joe never visited an attorney to create a Durable Power of Attorney for Financial Matters. The banks are pushing back and wont allow access to Joes accounts. Once again, the POA could have added quick relief to Joes problem and allowed one of his children to act on his behalf.
Why is taking action so hard?
We could share hundreds of other situations of what happens when you dont plan. But we think it is important to think about why people dont take this step. We believe much of it has to do with the taboo subjects of incapacity and dying. Nobody wants to talk about them, so it is just easier to ignore them. However, what should motivate you to act is the love for your family. Not wanting to burden them with tough decisions, paperwork, endless phone calls, legal proceedings and family strife should make you deal with the inevitable TODAY.
Parents will do just about anything to feed, shelter and care for their children out of love. Estate planning should be another step in the care for your family. Call Hurley Elder Care Law at 404-843-0121 to learn more and schedule your appointment with our elder law attorneys. Give yourself and your family peace of mind!
Share this
Subscribe to our blog and monthly newsletter.
Subscribe to blog and newsletter
Share
Featured Resources
Hurley Elder Care Law Practice Areas
M-F: 8:30 am 5 pm
2023 Hurley Elder Care Law | Georgia's #1 Certified Elder Law Attorney. All Rights Reserved.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Senior Savings Deals.
Publisher: Hurley Elder Care Law ( Read More )
Publisher: Hurley Elder Care Law ( Read More )
New Fie 