Now That You Have a Family and Are Growing Your Career and Business
As you are building your career and business, you are building a future for you and your family. How much more important is it to make sure the right person is authorized to take care of your bills if you are too sick to do so? Even if you are married, your spouse is not automatically authorized to carry out your business or even access your retirement account.
The persons whom you trust with your finances and your health must have legal authority to act. This is done with powers of attorney for finances and for health care. A trust may also be necessary in order to keep your business going and keep the courts from having to be involved if you are too sick to take care of business, or if you die.
If you are sick, your family and loved ones will want to be focusing their energies on helping you get better – not fighting with creditors or doctors about how to pay your bills and get your proper care. Take a look at the following articles which can be helpful about the protections that can avoid heartache and expense for you and your family:
What Business Is It of a Business Owner to Consider Estate Planning
Where There’s a Will There’s a Way: Core Estate Planning Documents
Have you Overlooked Your Designated Beneficiaries?
What to Do When a Loved One Dies
Having Your Will With IRAs and 401(k)s
Avoiding Probate With a Beneficiary Deed
The Agreement Operating Your LLC