It is often thought that estate planning is “only for the wealthy”. In reality, any family, regardless of the size of its assets, needs certain basic documents to protect itself in case of an emergency. Having them ready can make the difference between your family's peace of mind or being left in the hands of the State.

The first is the General Durable Power of Attorney, which allows someone you trust to handle your bills, pay your house or sign documents in your place if you cannot. Imagine you are detained: your husband or wife can continue to pay your rent or mortgage without the risk of losing your home.

The second is the Medical Power of Attorney, also known as an Advance Directive. With this document you designate a person to make medical decisions for you if you are unconscious or incapacitated. In an accident, for example, your family would not have to argue or fight, because it would already be clear who decides about your health.

The third is the Delegation of Parental Power of Attorney, which allows another trusted person to care for and make decisions for your minor children if you are unable to do so. In a deportation scenario, this document prevents the children from ending up in state custody by ensuring that they stay with the person of your choice.

The great advantage of these three documents is that they are quick to prepare, inexpensive and can completely change what happens to your family in an unexpected situation.

In conclusion, if you want maximum protection, the ideal is to have a Living Trust, which is more complete. But at a minimum, every family should have these three documents ready today.

Don't wait until it's too late. Schedule a consultation with our team and receive guidance to prepare these essential documents and protect the ones you love the most.