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Monday, July 13, 2015

In recent posts and articles you have mentioned “preparing legal documents,” what exactly does this mean beyond just assembling a will, and what should I watch out for? -Suzanne K, Peoria, IL

Suzanne,

Jargon and industry terms are sometimes difficult to understand, for many families going through this time in their lives. When we say the term ‘legal documents,’ typically we are referring to Powers of Attorney and a will, or any preparatory legally binding document that gives direction for the future.
Primarily, this includes the following, all of which should be discussed in detail with all parties involved and should only be done through a lawyer:
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  • Getting a will written that includes advance directives and wishes.
  •  Include POA (powers of attorney) for healthcare and finances.
  •  In some cases a trust may be in order.


There is a lot to say on this matter, and each family will have different needs. My recommendation is to secure legal advice if there have been changes since you last had legal documents drawn up, and assess where your family’s greatest needs are.