Strategies for Creating an End of Life Plan Many families disagree on a lot of issues including whether to give their patients a natural or put them through medical interventions, the division of property and power of attorney. An end of life planning is important to help you make informed decisions ahead of time to make sure that your loved ones can easily handle all your financial affairs. Your family will definitely thank you for sacrificing your time to write down an end of life plan by celebrating your legacy and memories of your life. Firstly, end of life planning will ensure that you are in charge of your medical decisions when you are mentally incapable and you cannot communicate. A solid end of life plan includes life support decisions, financial issues, organ donation, property division and funeral arrangement. Incase of a critical medical condition, it is important that you write your concern on whether the doctor should put you on life support or opt for complicated procedures. When you make this decision, it eliminates the emotional distress of a loved one having to decide your fate. On the other hand, you can choose to use a health proxy which is a document used to appoint an agent to make decisions on your behalf in the events when you are not able to talk. Give the directions of how your body should be handled to remove any guesswork. A right end of life plan will guide your loved ones on preparations for your burial.
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It takes a great team to develop a good end of life plan, therefore; you need to talk to your physician about you should expect and ask questions in order to help you settle medical issues concerning your long-term care. The primary goal of an attorney is to assist you to come up with a strategy on how to transfer your properties and authority.
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Losing a loved one is a painful experience and the financial advisor will make sure that he eliminates the tax burden on your loved ones and also cover expenses. The financial advisor should guide you in making the correct decisions concerning your investments, college planning, retirement planning and estate planning. It is also the role of a financial advisor to protect you and your loved ones against financial disasters by implementing strategies such as annuities, long-term care insurance, car and home insurance. Lastly, it is also important to update your end of life plan after every two years to reflect on substantial financial matters that need to be revised, added or removed. Also inform important people in your life including your spouse, children parents, your financial advisor or attorney but be keen not to give confidential information. This will ensure that they step up and act upon the details and instructions provided in your end of life plan.