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Elements of Wealth Design

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Long Term Health Care Preparations

 

  1. Draw up a health care power of attorney to appoint a representative to make health care decisions on your behalf.

 

  1. Sign a living will, which spells out what life-sustaining medical treatment you wish, should you become incapacitated.

 

  1. Think about whether and under what circumstances hospice care might be chosen over medical treatment.

 

  1. Draw up a durable power of attorney to allow a trusted person to help manage your financial assets.

 

  1. Review property ownership and ways to protect it.

 

  1. Draft or revise a will or living trust.

 

  1. Explore the alternative living situations should you need long-term care.

 

  1. Consider the implications of living with relatives or friends.

 

  1. Gather information about all the personal care services available.

 

  1. Make funeral arrangements now.

 

 

Barbara Bachelder, CFP® for Wealth by Design, LLC

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