Without a designated guardian for your children your family members may be forced to engage in costly litigation and ultimately a judge, who knows next to nothing about you or your children, may decide who will be awarded guardianship of your children until they reach the age of majority or are otherwise emancipated. Don’t take the risk of leaving your children’s future in the hands of others in the event you and your spouse pass away while they are still under the age of 18. A professionally prepared will can go a long way toward protect the most valuable asset you will ever have, your children.
If you’re in need of a new will or need to make changes or update an existing will, give us a call. We have drafted wills and other estate planning documents for many local satisfied clients.
POWERS OF ATTORNEY
Estate planning can also help in the event that you become incapacitated and are no longer able to handle your personal affairs such as banking, taxes, investments or real estate matters. With a power of attorney, you can designate another person to act for you.
In the event you become physically incapacitated and your doctor certifies that you no longer are capable of making your own medical decisions, a Power of Attorney can permit you to designate someone to make medical decisions for you.
Below is a list of some of the powers of attorney and other important documents we can draft for you:
· Tennessee Durable (Statutory) Power of Attorney
A durable power of attorney is a document used to designate another person, usually a family member or trusted friend, called your “agent” to manage your financial interests on your behalf. The decisions your agent makes are as binding as if you had made them yourself; and so, it is important to designate an agent who is trustworthy and responsible. This type of power of attorney is called “durable” because it will remain in effect unless you revoke it before you become incapacitated or after you regain your ability to handle your financial affairs.
· Tennessee Medical Power of Attorney
A medical power of attorney is a document that allows someone to designate an agent to make medical decisions for them in the event that they become incapacitated of making those decisions for themselves. Typically, the agent is a family member or trusted friend. Medical powers of attorney are not just for the elderly. Unexpected injury or illness can happen to any of us and so it is important for all adults to have a medical power of attorney in place.
· HIPAA Authorization
The Health Insurance Portability and Accountability Act is a federal law that sets rules as to whom may gain access to American’s medical records or other health information from healthcare providers. A signed HIPAA authorization allows you to designate someone that may have access to your medical records. This ensures that your healthcare provider or your insurance company can provide information to someone you designate that is involved in your healthcare – such as someone you have named as your medical power of attorney.
· Tennessee Directive to Physicians
A directive to physicians, also called a “living will” is a document that allows you to instruct your doctors as to your wishes regarding the use of artificial methods to extend your life in the event you are diagnosed with a terminal or irreversible condition.