There are many reasons to develop an end-of-life plan. Someone may want to be sure wishes are followed or avoid burdening the family with difficult decisions. In either case, it is essential to have a plan in place.
The emotional stress of death can make this decision difficult, but this plan will help loved ones avoid making these decisions during a time of emotional upset. They will also check on things like online banking and email accounts before they get out of hand. Here are some steps to take:
Complete a living will or advance directive
An Advance Directive is an instruction to a doctor on what treatment an individual wants or doesn’t if seriously ill and unable to speak for oneself. The Advance Directive is sometimes called a “living will,” but unlike a Living Will, it does not include funeral arrangements. The instructions in the Advance Directive tell one’s doctor and family what type of treatment is needed if one is seriously ill and unable to speak for oneself. The doctor must follow a person’s instructions on the form unless state or federal laws require them to do something different.
Distribution of assets
Estate planning is the process of transferring money, assets, and other possessions after one’s death. This transfer allows someone to dictate what happens to them, who gets them, and how the estate will be divided. It helps a person’s family avoid costly court battles, probate fees, and delays. It helps them avoid making difficult decisions when emotions are running high. To start estate planning, write down everything owned, including bank accounts, investments, and real estate holdings.
Create an online presence
Individuals should create a Facebook page, Twitter account, and LinkedIn profile if they do not have them. If someone has an online business, create a website and business pages on social media. Include information about personal life on those pages as well. Acquiring this information in one place makes it easier for someone’s loved ones to find it later.
Share passwords
Make sure family members know how to access all the sites that contain information about personal and professional life. If uncomfortable sharing that information with someone face-to-face, give them written copies of the usernames and passwords for all the accounts, including social media and email.