Over 100 Million American adults have not designated an agent to make medical decisions or documented the type of care they desire. Although it can be a difficult issue to tackle, it is important for all adults to think about who would make certain medical decisions for them in the event they were too sick to convey their wishes personally. In some cases, the individuals assume that their spouses or children can step in and take over the medical decision-making. However, New York is one of a few states that do not automatically authorize families to make critical medical decisions for loved ones who lack the capacity to decide for themselves. Unfortunately, this fact is often not discovered until it is too late. As a result of the failure to specifically designate an agent to carry out your wishes, your family members and doctors could face bitter, lengthy legal battles in an effort to determine what treatments you would want.
Given the current state of the world economy and recent local events, many of our clients have expressed a desire get their financial and household business matters in order. There are three basic estate planning documents that all individuals should consider when planning and organizing a life plan strategy, although the specific content of those documents will differ by personal circumstances.