Richard S. Ramsey Attorney and Counselor at Law
A Last Will and Testament is what is commonly called "a will." This document will direct how you wish to have your estate administered. Having a will is important for several reasons. First, it will dispose of your assets in the manner that you choose. Second, it will grant power of sale to your heirs. This will limit the work and expense associated with administering your estate. Third, it will waive the bond requirement for the person administering your estate. This will save that person the cost of purchasing a bond and the inconvenience of getting credit approval.
There are two types of powers of attorney. One will deal with your finances. The other will deal with your health care decisions. You will be able to appoint a person or persons to make your decisions for you, only when you are not able to make those decisions for yourself.
There is another document that is known as a Living Will Declaration. This is not the same as a Last Will and Testament (a will). Rather, this document will instruct your physician how to handle situations where you are being kept alive artificially.
Call us for a consultation to discuss your options and see what works best for you.