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By , September 15, 2017 5:10 pm

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. Therefore, preparations eliminate the potentials of family disagreements, confusion, and unnecessary financial pressure and this will give you peace of mind. Writing a good program for your friends and families goes a long way in showing your care, kindness, and generosity.

An end of life plan is the basis for meaningful conversations with your loved ones and advisors on what your wishes and medical decisions are. A necessary end of life plan involves issues such as funeral arrangement, life support decisions, financial matters and extraordinary medical measures. Include your decision on whether the doctor should put your life support for an extended period or resort to dangerous procedures. When you make this decision, it eliminates the emotional distress of a loved one having to decide your fate.

You can also designate a health care proxy to speak on your behalf. Besides, the end of life plan should your burial wishes, last wishes as well as funeral insurance. Many families are uneducated when it comes to burials; hence a will, trust or end of life plan will guide them on what to do.

Before making any critical decisions, consult with your doctor to get valuable information about extraordinary medical measures and life support. The primary goal of an attorney is to assist you to come up with a strategy on how to transfer your properties and authority.

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. He/she should help you develop reasonable decisions for details such as retirement planning, insurance, college planning and estate planning. The vital role of a financial advisor is to focus on developing a financial plan for best interest of your family and protect them against unexpected emotional or financial calamities through policies like life insurance, living trusts, long-term insurance and disability insurance.

Continue to review and revise your financial affairs regularly to reflect on any important issues that need to be changed, removed or added. It is also important that you brief people that you trust like your spouse, parents and children about your end of life plan. Informing entrusted persons will make sure that your wishes are granted and no one overturns any of the decisions reached.
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