What Are Some Of The Medical Related Documents That Should Be Included With Your Estate Planning In New York? What Protections Do They Provide?
There are two medical related documents that should be included with your estate planning in New York:
- Health Care Proxy
- Living Will
The Healthcare Proxy is a document that grants specific authority to an individual to make medical decisions on your behalf (after consultation with your medical care providers) if you are incapacitated and unable to make such decisions for yourself.
The Living Will is a document that advises your healthcare providers and others how you wish to be treated if you are terminal and the end of your life is close at hand. It directs your physicians to either use or refuse (following your directive) to use extraordinary measures to keep you alive.
I Have Assets And Savings I’d Like To Protect Both During My Lifetime And For My Family After I Die, What Are The Best Ways That I Can Do That In New York?
There are many different trusts available to you if you have assets and savings you would like to protect during your lifetime and for your family after you die. It is important to speak with an experienced attorney to explore these options and determine which trust is right for you.
By working with an attorney knowledgeable in trusts, you can determine the best way to preserve your assets to ensure they will ultimately be distributed to those loved ones and organizations you determine are entitled to benefit from them. For more information about Estate Planning Law in New York, an initial consultation is your next best step.