If you suddenly become ill or injured, would your loved ones know what kind of medical treatment you would want? Would they know what decisions you would have made in difficult situations? The answer to these questions emphasizes the role of advance directives in your estate plan.
An advance directive is a set of legal documents that typically includes a living will and a health care power of attorney (POA). This legal tool serves as your voice when you cannot speak for yourself due to an illness or incapacity. It allows you to express your health care preferences or even designate a trusted individual to execute these decisions on your behalf. If you do not already have an advance directive, here are three reasons this tool is a crucial addition to your estate plan.
Shielding your family from emotional burden
Without an advance directive, your family may struggle to determine what you would have wanted in medical crises. This could potentially lead to disagreements and added stress during an already difficult time. A living will eliminates painful guesswork and potential conflicts, allowing your loved ones to focus on supporting each other.
Reducing potential financial strain
Picture this: you fall into a prolonged coma after a car accident. Without clear guidance on your medical wishes, your family may feel compelled to pursue every available treatment option, regardless of cost or effectiveness. This could lead to mounting medical bills and financial strain on your family. If you have a designated health care POA, they can make informed decisions based on your documented preferences, potentially limiting unnecessary procedures.
Ensuring your wishes are legally binding
Regarding end-of-life care, your loved ones may have differing opinions on the level of care you would want. Establishing legally binding instructions helps you ensure that your medical team will follow your wishes, even if they differ from your family’s.
Taking control of your future
An advance directive is more than just a legal document. It is an act of love and foresight that extends your care and guidance to your family when you cannot directly comfort them.