6: Make Wills (and Living Wills and Medical Powers of Attorney) for all adults/asset-holders in family

To deal with child guardianship and distribution of assets


Decide on process and resources (7) People, books, forms, software, etc.
Make guardianship/trustee decisions (8) For children
Make asset dispersal decisions (9) Under various scenarios of 1+ adults dying
Make LivingWill decision (10) DoNotResuscitate orders, etc.
Execute: finish documents and sign (11) Note local rules about witnesses, notarizing, etc.

Public Notes/Forum


Really you should have these 4 documents for each adult:

  1. Will: for guardianship of dependents and how to handle your assets after death.

  2. Living Will/Advance Health Care Directive - the place to write out what you do and do not want in terms of medical care if you are unable to speak for yourself http://www.nolo.com/legal-encyclopedia/living-will-power-attorney-medical-issues-29536.html

  3. Health Care Power Of Attorney/Health Care Proxy - gives another person authority to make medical decisions for you if you are unable to speak for yourself. http://www.nolo.com/legal-encyclopedia/choosing-health-care-agent-29939.html

  4. Durable Power Of Attorney For Finance - arrange for someone to manage your finances if you become incapacitated (unable to make decisions for yourself). http://www.nolo.com/legal-encyclopedia/durable-financial-power-of-attorney-29936.html

Somewhat less crucial:

  1. Revocable Living Trust - Most people use a living trust to avoid probate. http://www.nolo.com/legal-encyclopedia/revocable-living-trusts.html

While #1 can easily get messy enough than software makes sense for generating it, #2-4 can generally be handled pretty well by the "standard forms" approach.

2012-10-13 16:03:37.829934

Really, you should get: wills; durable power of attorney for healthcare; financial power of attorney.

2012-10-08 21:41:12.000071


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