Whether we like it or not, we all age and will eventually die. While facing this reality is not always easy, especially when we are in our youth, we can take steps early on to prepare ourselves for elderly life. Because we never know when or if we will need temporary or long-term care at a nursing home, it is important to plan and prepare for this possibility from a financial perspective. In addition to getting your finances in order, it is also equally important to determine who you trust to make your financial and medical decisions if you are no longer able to make them for yourself.
Including powers of attorney in an estate plan can be a very challenging but crucial step to take. It is not always easy for Michigan residents to reach a conclusion when faced with this decision, yet, the experienced attorneys at the Prince Law Firm have the skills necessary to help guide you through the decision-making process successfully.
Our law firm handles a wide variety of estate planning issues, and it is our goal to ensure that the needs of our clients are met and their interests are protected. We are highly knowledgeable about the measures our clients can take to preserve assets so their quality of life is maintained while they wait to qualify for Medicaid. We also help clients with tasks such as drafting a power of attorney that designates a representative to make medical and financial decisions on their behalf if they are not able to do so on their own. In these cases, we can help them draft a healthcare directive and a durable power of attorney so all of their medical and financial concerns can be addressed.
To learn more, check out our law firm’s powers of attorney website. Whether you want something long-term or temporary, it is important to consider your healthcare and financial well-being when drafting an estate plan. Including one or more powers of attorney could be very helpful, and one should be aware of the ways it could benefit them.