Long Term Health Care Preparations - Draw up a health care power of attorney to appoint a representative to make health care decisions on your behalf.
- Sign a living will, which spells out what life-sustaining medical treatment you wish, should you become incapacitated.
- Think about whether and under what circumstances hospice care might be chosen over medical treatment.
- Draw up a durable power of attorney to allow a trusted person to help manage your financial assets.
- Review property ownership and ways to protect it.
- Draft or revise a will or living trust.
- Explore the alternative living situations should you need long-term care.
- Consider the implications of living with relatives or friends.
- Gather information about all the personal care services available.
- Make funeral arrangements now.
Barbara Bachelder, CFP® for Wealth by Design, LLC
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