An effective estate plan is not just about documents. It is about people. Naming the right individuals to make financial and medical decisions on your behalf is one of the most important choices you will make.
Financial decision makers are typically named in a durable power of attorney and, in many cases, as successor trustees of your living trust. This person may be responsible for paying bills, managing accounts, handling property, and making significant financial decisions if you are unable to do so yourself.
Medical decision makers are named in an advance health care directive. This individual has the authority to speak with doctors, access medical information, and make treatment decisions if you cannot communicate your wishes.
When choosing these individuals, trustworthiness and judgment matter more than convenience or family hierarchy. The right choice is someone who is responsible, calm under pressure, and willing to act in accordance with your wishes, even if those wishes are difficult or unpopular.
It is also important to consider whether one person should serve in both roles. Some people prefer to name the same individual for simplicity, while others choose different people based on strengths and availability. Neither approach is inherently right or wrong.
Finally, these decisions should not be made in isolation. Conversations matter. Letting your chosen decision makers know your wishes, values, and expectations can prevent confusion and conflict later.
Estate planning is ultimately about control and clarity. Choosing the right people ensures that your plan functions smoothly and that decisions are made by those you trust most when it matters most.