5 Legal Documents Everyone Should Have

Being an adult is a lot of responsibilities. We always want to make things right and proper especially when we have family and kids. We want to protect and provide them well all the time even when we are not around. The followings are legal documents we should have to set things right and proper for us and the whole family.

#1. Trust

This legal document states that you choose someone in your trust in order to protect your property from legal problems like tax and probate. Well administered trust document is always updated as life changes too so it prevent family members from court and legal troubles. Just as most legal document, this is useless without an update.

#2. A Will

A will is the best legal documents to tell what to do to our estates or other assets in the future. Many people do not have a will and it makes the entire decision will be made by the state he or she used to live in. Sometimes, it is disappointing and troubling for family members.

#3. Living Will or Health POA

This legal document tells that we appoint someone to make the entire health care decision for you because you are incapable for it. It also rules how the decisions should be made. Commonly, this legal documents run in the family, from parents to children. Some people appoint someone else who are close to them too.

#4. Financial POA

This POA makes the best way to appoint someone and our family to run our financial matters. If we are hospitalized, dies or incapacitated, our family will need this document to access our bank account, pay all the bills, and manage assets as well as to make legal and financial decision.

#5, Plan for Kids Protection

This legal document is known as a document to appoint someone, maybe close friend or family members, to take care of our children while we cannot be there. It also includes the name of people we never want to be around the kids as well. Discipline, education, value we want to teach to, and health care should be ruled here too.

Most of documents are able to be built on legal services like lawyer or notary. Several related institutions even provide it for clients and customers. If we are planning the life we want the most, we should include those legal documents as a part of the plan and keep it updated.

Related posts:

  1. 8 Things You Need to Know about Writing a Will
  2. 8 Things You Should Know about Power of Attorney
  3. 5 Major Estate Planning Mistakes to Avoid
  4. 9 Financial Tips for Single Women after Divorce
  5. 3 Dos and 3 Don’ts in Dealing Legally with a Family Issue
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