End of life planning is a critical component of an estate plan for Tennessee residents. A variety of directives can convey your wishes about the care and treatment you want in the last stage of your life, helping your loved ones make difficult decisions if you become incapacitated. We often help clients create a comprehensive plan that includes wills, trusts and other planning instruments.
According to U.S. News & World Report, several documents can help minimize the stress your friends and family feel during your last days and allow for the protection of your legacy and assets.
Health Care Proxy
Appointing a proxy, also called a medical power of attorney, allows an individual to make decisions regarding your health care if you cannot. Update this document as needed, especially if you divorced after naming your spouse, your health care proxy. This is particularly important if you and your current partner are not married. A living will makes known your wishes for end-of-life treatment, such as whether you want resuscitation, intubation or other life-sustaining procedures.
Durable power of attorney
If you become incapacitated, no one has the legal right to manage your finances unless you appoint a durable power of attorney. A person with this authority can make decisions regarding your finances. Most people designate an adult child, sibling, spouse or another trusted person for this position.
Having a plan for long-term care can help ensure how and where you receive the care you need. An estate plan changes as you move through life. Planning for incapacity by adding health care directives, conservatorships, and other documents can burden loved ones and prevent crisis.