It’s not pleasant to think about the possibility of being unable to make your own medical or financial decisions.
But, taking the time to express your wishes in advance could help ensure that your health-care and financial affairs are handled as you wish and that your loved ones feel more confident about any decisions made on your behalf.
This week, Craig Siminski, of CMS Retirement Income Planning, shares an article discussing how a living will and durable powers of attorney for health care and finances can help ensure your wishes are carried out:
Here are three legal documents you might consider. The first two deal with health-care issues, and in some states may be combined into a single document called an advance health-care or medical directive.
Requirements for all of these documents vary by state, so be sure to consult with an attorney who is familiar with the laws of your state.
Allows you to outline which medical procedures you would want to be used to prolong your life, typically in the event of a terminal illness or injury.
It might also include instructions on pain management and other specific wishes. In some states, a living will may be…
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Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 22 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.
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