You really want to answer these three questions in writing before you die.
It’s no fun to accept the inevitability of death. At least you can look forward to escaping all the irritants of everyday life, from paying bills to making stressful decisions under duress.
“The two big things are the health care power of attorney and the financial power of attorney,” said Jennifer VanderVeen, an elder law attorney in South Bend, Ind. The former lets you designate someone to make medical decisions and the latter authorizes a trusted individual to manage your finances if you cannot.
“Once individuals have a power of attorney [POA] in place, they should update it every few years because many banks and other financial institutions impose arbitrary rules about how old a POA is and may not recognize a very old one,” said Teresa Nuccio, an estate planning attorney at Harrison & Held, a Chicago-based law firm.
While you can obtain many of these forms at a senior center, state agency, medical facility or legal aid organization and complete them on your own , hiring an attorney helps. Laws vary by state along with the terminology, especially when it comes to directives that stipulate your preferences for medical care if you cannot decide for yourself due to coma, terminal illness or other factors.
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