Estate Planning Considerations For You If You Are Facing a Cancer Diagnosis
Have you had a recent diagnosis of cancer? Do you currently have a Florida estate plan? Is it up-to-date? With your recent diagnosis be aware that the importance of your estate plan ranges from being able to make the early choice of who will be able to care for you in a crisis to who should have legal authority to make decisions when you are incapacitated to, ultimately, deciding who should inherit from you at a time when you are no longer here. These are each important discussions that will take place when you work with your Florida estate planning attorney. So, in spite of the fact that less than half of all Americans today have an estate plan, with a cancer diagnosis it is very important to have a Florida estate plan in place.
Unfortunately, many adults choose to ignore the benefits of estate planning and what it can do for them when they are healthy, however, we have seen firsthand this decision change dramatically in light of a serious healthcare diagnosis. When facing a significant health diagnosis, such as cancer, for example, we begin to take into consideration what our future may look like. We have some estate planning tips written as questions for you to consider as you work with your Florida estate planning attorney to create your Florida estate plan:
- Who will pay my bills if I am unable?
- Who will make sure I have access to government benefits?
- Who will make my healthcare decisions if I am in a coma?
- Is it necessary to have a Florida living will?
- Who should be my beneficiaries when I pass away?
- Can I choose someone to care for my pets?
- Can I be sure my business will continue when I am not here?
- Who will make sure my bills are paid on time?
- How can I make sure my family is provided for in my absence?
Your Florida estate plan can answer these questions, and so many more when it comes to caring for those you love, for planning for your legacy, and for providing for yourself.
Estate planning allows you to answer all your lifetime questions in advance. Questions that may include, but not be limited to, choosing trusted decision makers to act for you in a crisis when you no longer have capacity to make your own decisions. You can give legal authority through estate planning tools, such as a power of attorney, to those that you trust as well as name back ups in the event they are not able to act for you when needed.
Now that you are facing a cancer diagnosis, careful estate planning considerations can also work hand-in-hand with your health care plan. For example, what treatments do you want to receive? What treatments do you not want to receive? What do you want to see happen in your business? How do you want your minor children to be cared for? How will you pay for this care? And, if you are unable to act for yourself, who should make these decisions for you?
Furthermore, your estate planning will allow you to create your legacy. This is more than just the concept of who should inherit from you at the time you pass away. This is your opportunity to share your dreams for those who will inherit from you and your goals for your legacy. Your experienced Florida estate planning attorney can help you define what your legacy looks like and ensure you have a plan in place to reach it.
Do not wait to contact our law practice to learn more today. We encourage you to contact us and schedule a meeting. To learn more about Meloro Law and how we can help you when you need legal representation for estate planning or elder law issues do not wait to call us today.