Many individuals have loved ones in their lives that may need extra care due to a disability or mental challenges. As one of these individuals, you undoubtedly want to ensure that your loved one has the financial ability to receive necessary care as well as meet daily life needs, especially in the event of your death. However, you may also understand that gifting money could cause complications with government benefits.
There really is no question that it is important for almost every adult to have a will, and to consider signing both financial and health care powers of attorney. That is what we mean by "estate planning," and it is important to go through the process of preparing those documents.
Watch Out for the Details
Trying to plan and prepare for the future can truly be a daunting task. While, realistically, there is no way to plan for every possible thing, it is possible to ensure that all of your legal bases are covered.