LEGAL TIPSEstate Planning is an Indoor ActivityBy Matt Sullivan, J.D., LL.MAttorney & Counselor at LawIt's summer-time in Texas and, as usual, the temperature is extra hot. Why not stayinside where its cool and give some thought to your estate planning?First, what would happen to your kids if something happened to you? Have you takenthe time to have your estate planning documents properly prepared and executed?Some of the most important documents to consider are:WilDurable Power of Attorney Directive to Physicians. Medical Power of AttorneyHIPAA Release, and a . Declaration of Guardian.Each document plays an important part in the plan. The Will can dispose of yourproperty upon your death. Within it, you can establish trusts and appoint guardians for yourkids. A Durable Power of Attorney will authorize someone to act on your behalf in a financialtransaction. The Directive to Physicians is also known as a Living Will and is your opportunityto state in writing how you want to be treated in an end-of-life situation. The Medical Power ofAttorney will allow someone to make most medical decisions for you if you can't. The HIPAARelease will allow your representative to obtain your medical information. The Declaration ofGuardian can appoint or prevent someone from being appointed as your guardian and its used toappoint a guardian for your childrenSecond, when was the last time you reviewed the title to your assets or the beneficiarydesignations of assets you own? These can be critical issues if a person's death occurs. Assets thathave properly filled out beneficiary designations will be paid to the beneficiary regardless of whatis stated in the owner's Will. Such assets include life insurance, IRAs, and 401(k)s to name a fewThird, what would happen to your pets if you died or became disabled and weren't ableto care for them? Pets are important to many people and should be considered when preparing anestate plan.While estate planning may not be the most fun or exciting undertaking, it can be vitaland beneficial for your family. And it can be done inside with the air conditioning at full power.Matt Sulivan, J.D., LL.M., Attorney &Counselor at Law, can be reached at 903-482-0099 or through www.mattsullivanattorney.comThis article is not intended as specific legal advice and you should consult withyour own attorney

Date: June 8, 2018

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LEGAL TIPS Estate Planning is an Indoor Activity By Matt Sullivan, J.D., LL.M Attorney & Counselor at Law It's summer-time in Texas and, as usual, the temperature is extra hot. Why not stay inside where its cool and give some thought to your estate planning? First, what would happen to your kids if something happened to you? Have you taken the time to have your estate planning documents properly prepared and executed? Some of the most important documents to consider are: Wil Durable Power of Attorney Directive to Physicians. Medical Power of Attorney HIPAA Release, and a . Declaration of Guardian. Each document plays an important part in the plan. The Will can dispose of your property upon your death. Within it, you can establish trusts and appoint guardians for your kids. A Durable Power of Attorney will authorize someone to act on your behalf in a financial transaction. The Directive to Physicians is also known as a Living Will and is your opportunity to state in writing how you want to be treated in an end-of-life situation. The Medical Power of Attorney will allow someone to make most medical decisions for you if you can't. The HIPAA Release will allow your representative to obtain your medical information. The Declaration of Guardian can appoint or prevent someone from being appointed as your guardian and its used to appoint a guardian for your children Second, when was the last time you reviewed the title to your assets or the beneficiary designations of assets you own? These can be critical issues if a person's death occurs. Assets that have properly filled out beneficiary designations will be paid to the beneficiary regardless of what is stated in the owner's Will. Such assets include life insurance, IRAs, and 401(k)s to name a few Third, what would happen to your pets if you died or became disabled and weren't able to care for them? Pets are important to many people and should be considered when preparing an estate plan. While estate planning may not be the most fun or exciting undertaking, it can be vital and beneficial for your family. And it can be done inside with the air conditioning at full power. Matt Sulivan, J.D., LL.M., Attorney &Counselor at Law, can be reached at 903-482- 0099 or through www.mattsullivanattorney.com This article is not intended as specific legal advice and you should consult with your own attorney