Estate planning can be a complicated process, but it is well worth it to have the peace of mind of knowing that your assets will be distributed according to your wishes after you pass. There are many different forms of estate plans you can use, and your individual circumstances will determine the best estate planning approach for you.
If your parent becomes ill, they may need help in the future making decisions on their behalf. One way you can help your parent is to become their power of attorney. Becoming your parent's power of attorney gives you the authority to make legal decisions on their behalf.