How are you celebrating National Health Care Decision Day?
I doubt you are going to celebrate National Health Care Decision day with cake and balloons. However, it would be a great day to finally get your financial documents in order in case you have a healthcare crisis.
The theme of NHCD day this year is “It always seems too early, until it’s too late.”
Think of this as a positive step to make your wishes known. To begin, think about your own healthcare decisions. For example:
- If I end up in a situation where I can’t make healthcare decisions for myself, who do I want to to make those decisions for me? Who do I trust to serve as my Power of Attorney?
- If I become terminally ill; do I want the doctors to do everything possible to keep me alive or would I rather accept my prognosis and refuse further care?
It is always a good idea to have an open discussion with the person you designate as your Healthcare Power of Attorney and any contingent people who might serve in this capacity if for some reason the initial designee is not available.
In addition, you should also have a living will. This document lets others know what kinds of medical treatment you would or would not want at the end of life. A great resource for gathering more information is: http://www.nhdd.org/public-resources#where-can-i-get-an-advance-directive
Take a moment to think about it; “It always seems too early, until it’s too late.”
Other articles filed under Austin CFP Team Posts
May 23, 2018 - Investing seems like it should be straightforward: buy when stock is low, sell when its high. Reap the profit. Makes sense especially when you consider the big gains demonstrated by the stock market over the past couple of years. Big...
April 17, 2018 - People want a sense of security — emotionally, physically and financially. The truth of life is that we try to manage a tightrope walk between chaos and order. If somehow we can incrementally achieve some order in a life that...
February 22, 2018 - [embed]https://www.youtube.com/watch?v=f6BWDxM2edc[/embed] WorthPointe works on your schedule. Austin Financial Advisor Morgan Smith explains how he uses his tech tools to meets clients where they’re at, even if they’re laying on a beach in Bali.
February 13, 2018 - As a financial planner, I’ve certainly been getting my share of questions about the recently passed tax reform. In this article, I’ll address some of the most common concerns I’m hearing from clients, but how the changes in the tax...
February 6, 2018 - By now, you have probably seen the news that the stock market is taking a dip. There is a lot of information coming at us fast as we watch to see what happens next. We are here to answer a...