General Planning Knowledge
Ready to plan but don't know where to start? All the info below will help break the ice.
The components of an Advance Directive include: Naming a Health Care Proxy, creating a Living Will, Organ Donation and other medical odds and ends to take the burden off your family if you get sick or are the victim of an accident. [Dig Deeper: All You Need To Know About Advance Directives]
Apart from legal and medical forms (Will, Life Insurance Policy, POA, Advance Directive…) it’s important to get a handle on all the other paperwork in your parents’ life to make things easier in the long run (utilities, banking info, digital accounts and passwords, etc...). [Dig Deeper: All You Need To Know About Organizing Important Documents]
Your POA has power over everything involving your finances if something happens to you. This includes paying bills, managing bank accounts, overseeing investments, signing contracts, and filing your taxes. [Dig Deeper: All You Need To Know About Naming A POA]