Are You “Giving Up” Control Of Your Life, Or “Delegating” It? There Is A Big Difference.

Are you “giving up” control of your life, or “delegating” it?  Who will be in control when you can’t be? 

When you don’t have even the most basic Will or Living Trust, Durable Power of Attorney and Health Care Directive, you are “giving up” control to the Probate Court system.  When you take the time to put your written estate plan in place, you are “delegating” control to those in the best position to carry out your wishes.  And remember, your Health Care Directive allows you to stay in control until you are no longer able to make your own decisions.  Your Health Care Directive should plainly state that you want to be in charge of your own decisions, as long as you have the ability to communicate (which could include talking, writing, blinking, squeezing a hand, etc.).

The following New York Times article is a sobering reminder of what can happen when you lose control, even after preparing an estate plan.  It is also a reminder to:  (1) have a detailed written estate plan and, just as important,  (2) review and update your estate plan on a regular basis to make sure it meets your wishes.

New York Times – Article Link

Explore posts in the same categories: Durable Power of Attorney, Estate Planning

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