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Personal Information
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First Name
Michael
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Last Name
Hatchett
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Gender
Male
Personal Details
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About Me
Wills were mentioned in that last section. Just because a will isn’t the most protected way to pass an inheritance, that by no means is to suggest that your will isn’t a vital component of estate planning. You should include both a last will and testament and a living will as part of your estate planning. Your last will and testament is the document that lays out what your wishes are after you pass. You can include information about the funeral, guardianship for your children, inheritance, donations to make with your estate, and more. A living will is a document that lays out your medical wishes should you be in a state where you can make decisions for yourself, such as if you were in a coma.
Guardianship is an important thing to consider. If you have children who are minors, then you should absolutely write a will and include information about their future guardianship. A guardian is an individual that acts in a role much like a parent. They are tasked with looking after their ward’s best interests. However, while guardianship is most often over a child, some adults may also require a guardian. This is much harder to get granted, as it infringes upon a person’s personal freedoms. But it’s a way to look after and care for those who can’t care for themself like an adult child looking after their elderly parent who suffers from dementia.
In that last example, it wouldn’t be surprising for the adult child to seek power of attorney over their parent. Also known as a letter of attorney, this is a written document that authorizes the individual in question to act on behalf of another in private, business, or legal matters. Power of attorney can be granted willingly to another person. Financial powers are often granted to a realtor in order for them to act on your behalf when they need to make a quick offer. In this case, the power granted would be limited. There is a lot that can go into granting power to another, so it is often best to speak to an attorney first. Reach out to The Hatchett Law Firm to learn more about how we can best support your and your loved ones.
The Hatchett Law Firm
11200 Broadway st, Suite 2743, Pearland, TX 77584
281-795-6827
www.HatchettLegalTeam.com
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