Written by Michael E. Hammond
With the inclusion of a "consent to settle" clause in an insurance policy, you as an insurer can require the insured to obtain written consent from you before settling a legal claim related to the policy. You can also include a "no action" clause that shields you from legal action from the insured party in the event that the party doesn't fully comply with the terms of the policy.
A commonly overlooked estate planning document is the health care directive, otherwise known as a living will or an advance directive. Most people who think seriously about estate planning draft a will to address matters of property distribution, but often the planning stops there.