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
February 28, 2019 - Every year, the Austin Business Journal publishes its annual Book of Lists. This downloadable document or print book — both available for purchase — lists the “hottest area companies in their field” based on ranking criteria specified by field. In...
January 30, 2019 - This was the year the long, seemingly endless bull market came to a crashing halt — and U.S. investors finally, for the first time since 2008, experienced the normal definition of a bear market (down 20% from the S&P 500's...
January 23, 2019 - You’ve probably heard from the do-it-yourselfer at your office. “I just invest in the funds with the best performance.” But is this a reasonable? Though a book could be written citing numerous academic studies to address the validity of this...
January 22, 2019 - Each of our advisors was drawn to something slightly different at WorthPointe. We take great satisfaction in giving our partners the career they dream of. Here are a few of their stories. Meet Morgan Advisor by day and surfer by...
January 8, 2019 - Here at WorthPointe, we want to help you get the most out of life. We are constantly rethinking the traditional features of a wealth management firm and reworking them to better fit your busy lifestyle. This includes our online presence...
- Market Volatility
- The Morgan Report 2018 Q4 Review: Lifeguards – An Expert Perspective