While it’s not a subject that people enjoy talking about, at some point, we will all need to consider our end of life wishes and make arrangements as appropriate. Being proactive can help ensure that children or other relatives are not burdened with making choices on our behalf or struggling to pay for things like funeral expenses. These tips from The U.S. Will Registry can help you make well-informed decisions that fit your needs.
Creating End Of Life Care Plans
Regardless of your current state of health, it’s wise to think about what you want when it comes to end of life care measures. Consider sitting down with an attorney and putting together advance directives or a living will, documents that clearly lay out your preferences for your healthcare in the event you are unable to speak on your own behalf. According to the National Institute on Aging, this might include naming someone as a health care power of attorney to make decisions for you. You may opt to put a limit on lifesaving measures, depending on your condition, and you can also make choices about things like organ donation. This approach takes the difficult decision-making process off of your loved ones.
Writing A Will
Having a last will and testament ensures that your assets are distributed as you see fit after your death. An estate attorney can walk you through various scenarios and help you make fair and equitable decisions with regard to your bequeathments. They can also provide some advice on how best to structure your will so that your heirs are not saddled with excessive legal fees, lengthy probate, or other issues that can lead to inter-family disagreements. According to Forbes, you’ll also name an executor, and if you have minor children, make arrangements for guardianship.
Assessing Your Assets
For most people, the family home is one of the biggest assets, and as such, you want to have an idea about its value. You can conduct an online search to determine what similar properties are currently selling for and then take into consideration your current mortgage balance, and costs that would be associated with selling the property. This might include real estate appraisal and real estate agent fees, as well as any type of structural or repair measures that would need to be taken in order to get the house ready for sale. A qualified real estate agent can help you in this process.
Making Final Arrangements
Many people decide to plan their own funerals to take the burden off of loved ones. This also provides an opportunity for you to decide how you would like your funeral to be, from officiant and location to music selection and even final internment. You may opt to be buried or cremated, and making the plans in advance allows you to fully document your wishes. Pre-paying for funeral expenses can also help ensure that your loved ones aren’t struggling to finance these final arrangements on your behalf.
Considering end-of-life issues can be difficult, and especially tough to talk through with family members. However, it’s something that everybody must go through at some point in time, and thinking about these decisions in advance can help make it easier for everyone when that time comes. It’s also a good idea to talk to your family about your plans so they aren’t surprised by your decisions. If family members are taken aback by your requests, it could make a difficult time even more challenging. Explaining why your end-of-life choices are important to you will make it easier for your wishes to be honored.
The U.S. Will Registry functions as a means to help families find lost or missing estate planning documents. You can also register a completed will through our service to ensure there is a record of it. To find out more, visit our site today.