You can write your own Will. But there are technicalities that must be followed. You must be careful. It is best to consult your attorney.
A will can be cancelled AT ANY TIME.. A new will can be made or a codicil executed to amend, add, or otherwise change the will. Because state and federal laws change about as fast as your situation can, a will should be reviewed every few years to ensure perpetual clarity. A few minutes to protect a lifetime of work seems like a fair trade.
REVOCABLE AND IRREVOCABLE TRUSTS
Sometimes a client may need an irrevocable trust in order to protect and distribute assets or to manage for your heirs. This isn’t always the case, but it is common.
. Likewise, a living trust can be revocable by you. Either way, it may be beneficial to involve a third party to help establish and execute the trust. Bernard can do that for you.
The purpose of a Living Will is to allow you to make “end of life” decisions relating to refusing medical care if your are terminally ill or in a coma. Pain medication can be given to the individual as needed under any circumstances.
DURABLE POWERS OF ATTORNEY
The truth is an appointed agent is often necessary toward the end of life to manage a person’s affairs. It is better for you to determine who that person is while you can.
A Durable Power of Attorney is used to control all aspects of their personal care and medical treatment, including the right to decline medical treatment or to direct that it be stopped. I often recommend a general power of attorney to allow your representative to take care of your Assets.
It’s important to know that the power of attorney can be amended or revoked at any time.