Whenever
they hear the terms estate planning or last will, people often
immediately associate them with old people or individuals with
terminally ill diseases. You don’t have to be one of these people
to plan for the future, though, since, as has been proven countless
times, life is simply unpredictable, and there’s nothing better
than being prepared for the worst.
Whether
you’re in your late 20s, mid 30s, or early 40s, it would do you
well to consult an estate planning attorney in Sacramento and get
started on your estate plans. You should think about making an estate
plan for the following instances:
Medical
Emergencies
You’d
want to be armed with a living will and a health care directive in
case of worst-case medical scenarios. Such legal documents designate
a representative who can make medical decisions for you and outlines
your preferences regarding treatment when you’re unable to speak
for yourself.
Financial
Emergencies
When
you’re in the middle of a major financial transaction and you get
involved in an accident, who will manage your finances as you lie on
the hospital bed? You’ll need a durable power of attorney to allow
your spouse or another person of your choice to manage your finances.
