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What you Should Consider When 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. An end of life planning is important to help you make informed decisions ahead of time to make sure that your loved ones can easily handle all your financial affairs. 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. You need to familiarize yourself with the few issues that are relevant when writing your end of life plan including funeral arrangements, organ donation and life support decisions. It is crucial that you spell out your decision of whether you should be put on life support or undergo procedures which might be risky for your health. Making this decision will save your loved ones the guilt and emotional stress of choosing whether to put your life in danger or put you on life support. It is also a smart idea to appoint a health care proxy who will make important decisions and speak on your behalf. Besides, the end of life plan should your burial wishes, last wishes as well as funeral insurance. Planning a funeral can be overwhelming, and thus you need to ensure that your family is well prepared it goes through this experience by writing an end of life plan.
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It is essential that you talk to your physician and inquire more about your illness to help you make informed decision. Also consult with your lawyer to determine the best way to transfer property and authority.
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Additionally, talk to a financial advisor to advise you on the best way to plan your finances to make sure that the funds cover expenses and minimize tax burdens on loved ones. He should also assist you to develop sound decisions on investments, insurance, retirement 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. Lastly, it is also important to update your end of life plan after every two years to reflect on substantial financial matters that need to be revised, added or removed. 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.