Most of us aren’t keen to think about the end of our lives – and why would we want to? Unfortunately, to leave our family and loved ones in the best position possible when we’re gone, it requires a bit of forward-thinking. Understanding important end-of-life documents is key in helping your family when you are no longer around to support them. Take a look at these key documents you need.
A durable power of attorney
This is a document that appoints another person to transact business, legal, and financial matters for you until you die. If you are involved in an accident or taken down with an illness, it allows the person you’ve chosen to act for you to act quickly.
Advance care directives or living will
This puts in writing the decisions you have made about your health care. Essentially, they are instructions for your doctor so that your wishes are followed if you are unable to articulate them. For example, it ensures that you receive the treatment you’ve decided on beforehand if you are terminally ill or permanently unconscious.
A will or revocable living trust
This puts in writing who will inherit your assets when you pass, and in what matter. The two documents will help eliminate or postpone taxes that are payable when you die.
Ensure that you have everything in place to make it easier for your loved ones. Are you ready to find the right life insurance for your needs? Talk to the professionals at Abbate Insurance. We can help you secure the right life insurance for your needs and budget in New Haven, Connecticut.