OPINION: Estate planning encompasses a lot more than just wealthy people putting their assets into trusts so they avoid paying taxes. Here’s a quick-start guide to what you need to do:
I’m celebrating National Caregivers Month this year by sitting in hospital waiting rooms while my mother recovers from some surgery. She’ll be fine, but for a few days, she had to hand over control of her life. That’s not an easy thing to do, and also not an easy thing to contemplate in advance so that you do all the necessary things to prepare for that moment.
“ Estate planning encompasses a lot more than just wealthy people putting their assets into trusts so they avoid paying taxes. ” You can get as specific about the permissions as you want to get, and some states actually require you to have a line-item for each type of transaction, like accessing a safe-deposit box, for instance.
We were asked about them at every step of the process, from registration to the send-off before they wheeled her into the operating room. The surrogate form and HIPAA authorization are standard boilerplate naming agents to make decisions and get information, and can easily be done online or at the hospital, but it’s better to do them beforehand so you can think through it in a relaxed fashion.
The living will requires more thought and might be the kind of thing you balk at because it’s just too serious. You have the ability to lay out your wishes about life-prolonging procedures and organ donation in this document. This is when love comes into play. Then there was a list of previous surgeries and illness, plus current medications with their dosage and what they were for. Depending on what’s wrong with a person this could be a long list, and it’s important for medical personnel to know, especially allergies. While I know these things about my children, I didn’t know it for my mom.
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