Procrastination is one of the biggest hindrances to effective end-of-life planning. It’s hard to blame people for putting it off since it’s often uncomfortable for most people to even consider that subject.
Any comprehensive approach to estate planning should take into consideration what happens if you require long-term medical care or have a medical condition that leaves you incapacitated and unable to make your own decisions. There are two powerful tools available in the estate planning arsenal that can help to make your wishes clear.
A living will
A living will is your statement about your preferences when it comes to your health care. It can serve as a guide to your medical providers if you’re unable to express your preferences if you’re incapacitated.
This is how you weigh in on procedures and the type of care that you do or do not want. A living will can give you peace of mind and help your family understand your wishes. This may give you both peace of mind.
Medical power of attorney
A living will is only able to cover so many scenarios. Real-life can throw all kinds of complicated situations your way. Having a medical power of attorney can help to ensure that the spirit of your desires is respected.
A medical power of attorney can be granted to someone you trust, giving them the authority to act as your proxy for health care decisions when you’re unable to speak for yourself.
Make sure that your wishes are respected in your final days. There are many different ways that you can approach potential future issues with good elder law planning.