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250 Osborne Road, Colonie, NY 12205

Phone: 518-438-1835

 

Website: www.bonannofinancialadvisors.com

May/June 2019

Put Your Wishes in Writing

Put Your Wishes in Writing

Living wills, healthcare proxies and healthcare powers of attorney are all types of advance directives, which are legal documents that allow you to spell out your decisions about end-of-life care ahead of time.


Living Will
A living will is a legal document in which you dictate how you want medical professionals to treat you in different health instances. For example, if you are permanently unconscious or dying, this document may instruct others not to provide life-sustaining treatment, such as a ventilator or feeding tube.


Healthcare Proxy
A healthcare proxy and durable power of attorney for health care are the same. Each is a legal document in which you appoint a person to make medical decisions on your behalf when you are not able to make them on your
own. You may also want to choose an alternate proxy, in the event the primary proxy is unavailable.


Key Considerations
In addition to these healthcare-related documents, consider drawing up a will and a durable power of attorney for financial reasons. Combined, these documents can serve as the foundation of an estate. Talk to a qualified estate planning attorney to learn more.


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