Sometimes it's really scary to think about 'what if' when it comes to your finances. sharon_epperson shares the 4 essential documents that could save your financial life. InvestInYou (In partnership with acorns.)
A last will and testament spells out who you want to give your assets to after you die. For parents of minor children, a will allows you to name a guardian. You can specify who will take care of your kids and help them manage their day-to-day activities should anThe reality is we can’t live forever and, in some cases, we won’t even be able to live the way we have in the past, due to chronic illness, injury or other unexpected events.
My husband, who is my primary health-care proxy, and my sister, who is named as the alternate, discussed with each other and my doctors the steps needed to help ensure my recovery.A living will is not a substitute for a last will and testament. In some states, it's called an "advanced directive" for medical decisions. It's a written document that lets you express your wishes for medical treatments you would or would not want to be used to keep you alive, including resuscitation and intubation.
The person you identify as your health-care proxy must abide by what you have spelled out in your living will. I remember asking my sister shortly after my surgery to contact my estate-planning attorney, who drafted all of these documents for me. Sharon and her husband Christopher Farley on her "discharge day" in October 2016 after month-long hospital stay, Burke Rehabilitation Hospital, White Plains, NY.I wanted to make sure my family knew that I had a living will and had already decided how I wanted to handle difficult and emotional end-of-life decisions.
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