A will with your guardian nomination for the case of death. A financial power of attorney so someone can act for you if you cannot. An advance healthcare directive so someone can be by your bed. And a revocable living trust that combines the whole thing.
What I Said
From my September 10 Parents Edition workshop at the Cambria Hotel in Calabasas, lightly edited for readability.
A will with your guardian nomination for the case of death. Financial power of attorney, to make sure that somebody's acting on your behalf if you can't. Advance healthcare directive, to make sure that somebody can be by your bed if you're not well. And revocable living trust. This is the beauty.
The full talk, written down: Who Picks Up Your Child From School if You Never Come Home?
More on this topic: Estate Planning
More From the Workshop
- Why I Fell in Love With Trusts and Estates
- Court-Appointed Authority Is Limited and Public. Yours Is Neither.
- The Guardian You Named Ten Years Ago May Live in Another State
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