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Strategies for Creating an End of Life Plan It is normal to see families going through disputes when a loved one is in a critical condition or their death bed. Therefore, preparations eliminate the potentials of family disagreements, confusion, and unnecessary financial pressure and this will give you peace of mind. Writing a good program for your friends and families goes a long way in showing your care, kindness, and generosity. An end of life plan is the basis for meaningful conversations with your loved ones and advisors on what your wishes and medical decisions are. A solid end of life plan includes life support decisions, financial issues, organ donation, property division and funeral arrangement. Include your decision on whether the doctor should put your life support for an extended period or resort to dangerous procedures. When you make this decision, it eliminates the emotional distress of a loved one having to decide your fate. On the other hand, you can choose to use a health proxy which is a document used to appoint an agent to make decisions on your behalf in the events when you are not able to talk. Besides, the end of life plan should your burial wishes, last wishes as well as funeral insurance. Many families are uneducated when it comes to burials; hence a will, trust or end of life plan will guide them on what to do.
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It takes a great team to develop a good end of life plan, therefore; you need to talk to your physician about you should expect and ask questions in order to help you settle medical issues concerning your long-term care. The primary goal of an attorney is to assist you to come up with a strategy on how to transfer your properties and authority.
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A financial advisor will protect you and your loved ones by implementing strategies to eliminate or reduce tax burdens as well as guide you on the best financial plans. The financial advisor should guide you in making the correct decisions concerning your investments, college planning, retirement planning and estate planning. The vital role of a financial advisor is to focus on developing a financial plan for best interest of your family and protect them against unexpected emotional or financial calamities through policies like life insurance, living trusts, long-term insurance and disability insurance. Continue to review and revise your financial affairs regularly to reflect on any important issues that need to be changed, removed or added. Also inform important people in your life including your spouse, children parents, your financial advisor or attorney but be keen not to give confidential information. This will ensure that they step up and act upon the details and instructions provided in your end of life plan.