Homeowner documents, like a living will, are important. If you have invested in property it is important to prepare for the future. What if something were to happen to you? What would happen to your investment? Are you married? Do you have children? Who will get the house when you pass away?
Homeowner Documents to Get Now
An estate plan is a collection of documents. Also, your lawyer carries out your wishes according to these homeowner documents when you die. They also help if you are no longer capable to make your own decisions. Every state is different and document requirements can vary. Therefore you should always get legal advice before filing any documents. If you need a current estimate of value of your home, then you can just get help from a licensed professional. For more advice, contact Colorado Horse Property.
- Will & Living Will
A will specifies the way a person wants to manage and distribute his/her assets. - Durable Power of Attorney
This document is very important. It grants whomever you choose the authority to act on your behalf in legal affairs. Also, this would allow the attorney-in-fact to buy and sell property on your behalf. - Healthcare Proxy
If you are incapacitated a healthcare proxy is used. It determines who can legally make healthcare decisions on your behalf. This document should outline specific decision you want made when in specific situations. - Hippa Release
The law requires healthcare professionals to protect the privacy of your health information. Include the people you want the information shared with. The healthcare professionals can legally inform them. - Letter of Instruction
This document contains information about a person’s wishes upon death. It is intended to offer details on whom to contact. It says where to find important documents about financial matters.
