New Year Estate Planning Resolution

Associate Colin Flannigan regularly advises clients in the practice areas of wills, trusts, estate and incapacity planning, estate administration, residential and commercial real estate, property matters, corporate transactions and business law.

With the New Year upon us, Colin discusses why making a plan for your estate should be one of your Resolutions in preparing for 2022.

Transcript:

With New Year's approaching and resolutions abound, one area of your estate planning might be looking forward and planning for your health care and personal care needs.

One idea might be looking at the advance care directive. Another might be appointing someone to stand in your shoes—if you're no longer able to make decisions, that could be a full enhanced care Section 9 representation agreement. Or, if you have a friend or family member who cannot execute a document like that for themselves but still knows who they would want to help them, talk to your professional as a Section 7 representation agreement may be possible.

If you are meeting with your doctor, it's a good idea to discuss the M.O.S.T. form, or "Most" form, given expression of wishes. As part of your planning, you should consider where you might want to reside if you're no longer able to manage everything and if you have friends or family already residing in a facility to be close to loved ones. Unfortunately, you may also want to consider talking to friends are family about what you would want to happen if you were to contract COVID-19. 

If you have any questions or concerns, please contact us at FH&P Lawyers.