Certain documents ensure your ability to assist your loved ones in a medical or financial emergency and, upon their death, ease the distribution of their estate. Your loved ones need to create these documents when they’re still capable of making decisions.
Medical Directive
Also known as a living will or advance health care directive, this document outlines what kind of care your loved ones want to receive if and when they become ill or incapacitated. This directive spells out critical medical intentions, such as handling life-sustaining treatments.
Medical Durable Power of Attorney
A durable power of attorney for healthcare names and allows a trusted person to oversee medical care and make decisions for loved ones who can’t do so. Additionally, a HIPAA release gives you access to their health records and to talk with their physicians. When arranging care, you’re legally bound to follow the requested treatment preferences.
Financial Durable Power of Attorney
A durable power of attorney for finances allows you to manage your loved ones’ financial affairs when they’re no longer able. You’ll handle mundane tasks such as sorting through mail and depositing Social Security checks, as well as more complex jobs like watching over retirement accounts and managing other investments or filing tax returns.
Revocable Living Trust
This trust allows your loved ones to retain control over their estate while still making transfers of assets to beneficiaries. They designate what property (home, investments, jewelry, and so on) goes into the trust and to whom it’ll be granted. A revocable living trust has two important advantages: 1) you can alter or even void the trust whenever you want and 2) it allows the estate to avoid probate at the time of their death.
Will
A will makes it clear who receives assets and personal property left in your loved one’s estate. A properly written will helps avoid disagreements and can keep your estate out of probate—which is often a stressful process. Regardless of how much or how little money is in the estate, a will ensures their wishes are heard. If they own a business, a will can help ensure a smooth legal transition of those assets.
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Megan Jones joined the ILG Financial team in 2020 as marketing director. Megan and her husband live in Fredericksburg, VA with their German Short Haired Pointer, Gus. Megan is a graduate of Longwood University and holds a degree in communications. Megan is the oldest of Dave Lopez’s three children and not only enjoys working alongside her father, but also with her cousin, Chase, who joined the ILG Financial team in 2020 as an advisor. Megan is also a fully licensed Life, Health, and Annuity agent. When not at work, Megan enjoys sitting on the back porch with family and friends enjoying food and music.
Amy Anderson joined the ILG Financial team in 2023 as the client relations coordinator. Her responsibilities include scheduling of appointments, annual check-up notifications, and annuity and required minimum distribution assistance. She is a graduate of Harding University with a degree in Computer Information Systems. Amy and her husband have two children and she enjoys reading, crocheting, music and spending time with her family.
Terri Center joined the ILG Financial team in 2019 as client services manager. She handles client records, application processing, and gathering information to provide a professional and friendly experience with all of our clients. Terri is a graduate of Oakland University. She is married and has two children. She enjoys hiking, family time, and puzzle challenging video games. She also likes to share her creativity in her canvas paintings and sewing projects.
Jessica Carson joined the ILG Financial team in 2018 as an agent. Jessica and her husband have four children, two dogs, 3 barn cats, 5 chickens, and three parakeets. She indeed loves her children and pets! When not at work, Jessica enjoys playing the piano and cello as well as traveling and spending time outside with her family, hiking, fishing, and boating.
Chase Lopez joined the ILG Financial team in 2020 as an advisor. Chase is a 2016 James Madison University graduate with a degree in management. Chase has been trained under the tutelage of Dave Lopez, who is not only the founder and managing member of ILG Financial, but also is Chase’s uncle and godfather. He also enjoys working alongside his cousin, Megan, who is Dave’s daughter.