End-of-life planning isn’t just for older adults or those facing health crises. It’s a valuable process for any adult who wants to maintain autonomy and protect their loved ones from unnecessary burdens. Understanding its importance is a good first step towards securing your future.
What is end-of-life planning?
End-of-life planning involves making decisions about your care, assets and wishes for your final days and documenting those choices. It is like providing your family and health care providers clear directions regarding your health and finances, even if you become unable to express your preferences.
In addition to making final arrangements, a robust end-of-life plan typically includes creating estate planning documents such as:
- Living will
- Living trust
- Powers of attorney
These tools give you control by allowing you to specify your wishes if you become incapacitated or pass away.
Why start end-of-life planning now?
You might wonder if there are any benefits to starting end-of-life planning when you are still healthy, and life is good. There are several compelling reasons, such as:
- To get difficult conversations out of the way.
By creating an end-of-life plan, you can discuss your choices with your family and explain your decisions. Expressing your wishes now ensures your family understands and respects your choices, even if you can’t communicate them later. While they may have questions or suggestions, remember to stand firm on what you believe is right for you.
- To be ready if life takes a turn.
While it’s unsettling to consider becoming incapacitated due to injury or illness, it’s crucial to be prepared. A power of attorney allows you to appoint someone you trust to make medical or financial decisions on your behalf if you cannot do so. This way, the person you choose will have the necessary authorizations to look out for you the way you want them to.
- To spare loved ones from additional burdens during a difficult time.
Getting your affairs in order now will do your family a huge favor. Having a clear roadmap to follow can be invaluable in times of crisis or loss. Your plan can guide loved ones, thereby reducing stress and potential disagreements during an already difficult time.
Taking the next step
Creating an end-of-life plan isn’t about anticipating the worst. It’s about having confidence in the future. As there are many factors to consider, some you may not even anticipate on your own, it helps to consult an experienced attorney before starting. Their knowledge and guidance can also minimize any lapses that may cause complications in the future.