How to keep your end-of-life care in mind when estate planning


Estate planning involves more than just deciding what happens to assets after death. It also requires careful consideration of end-of-life care.

Including plans for this care can help avoid unnecessary stress for yourself and your loved ones when late-life health issues arise.

Include an advance healthcare directive

An advance healthcare directive outlines specific medical treatments you wish to undergo or avoid in the future. This document can address matters such as life support, resuscitation and organ donation. Clearly stating preferences in an advance healthcare directive can help medical professionals and family members make decisions aligned with your personal values and beliefs.

Designate a healthcare power of attorney

A typical advance healthcare directive includes a healthcare power of attorney. This is the selection of a trusted individual to make medical decisions on your if you become unable to do so. This person, known as a healthcare agent, will have the authority to speak with doctors, access medical records and make choices about treatments. It is important to choose someone who understands your wishes and is capable of making difficult decisions under pressure. This designation can help avoid conflicts among family members during emotionally challenging times.

Plan for long-term care

Estate planning should also consider the potential need for long-term care. This includes options like in-home care, assisted living or nursing home care. Making financial preparations can ease the burden on loved ones and provide peace of mind. Consider purchasing long-term care insurance or setting aside funds that your loved ones can access to pay for your care.

Thorough estate planning means accounting for unpleasant possibilities in the future. It can be difficult to think about end-of-life care when creating your will, but doing so can protect your own wishes and provide security for your family.