Estate planning is an important step for everyone, but not every estate plan is the same. What you need as part of your plan depends on your needs, goals and individual situation. Some Colorado readers may find a simple will to be sufficient, but you may need additional protection in order to ensure the well-being of yourself and your loved ones.
If you are considering what you need as part of your estate plan, you may find it beneficial to think about adding a health care power of attorney. This document can allow you a measure of control over the details of your health care in case of a medical emergency or incapacitation.
What are the benefits of this document?
Essentially, a health care power of attorney is a document that appoints a person to act on your behalf in case of a medical event that leaves you unable to speak for yourself. This person would make important decisions for you, but many people often use these documents in conjunction with a living will.
A living will outlines the types of health care measures you do or do not want in case of incapacitation. Some of the things you can specify in this estate planning tool includes the following:
- Life support
- Blood transfusions
- Surgical intervention to prolong life
Living wills are unique to the individual person. You can draft yours to meet your personal objectives, and you can as general or as specific as you want. Even living wills that are very specific will not be able to address every possible medical contingency. By also having a durable health care power of attorney, you can have someone to make decisions for issues not specifically mentioned in your living will.
It is not easy to consider these important medical issues and make decisions that could impact your future. You may find it beneficial to speak with a medical professional, your family and a legal representative as you consider your living will.
Peace of mind for the future
Having a strong estate plan in place can give you peace of mind about your future and your plans. If you do not have an estate plan or you think you may need more than just a simple will, you have no time to lose.
Seeking a complete evaluation of your case can help you understand your options regarding a strong estate plan. There is a lot at stake, but with thoughtful planning, you can look to the future with confidence.