Planning end of life care can not only provide relief to you and your loved ones, but also give you a sense of personal control. Planning ahead,deciding how your assets should be handled and how you want to be taken care of will give you more time to spend on doing what you love and less time to worry about coordinating estate planning, funeral processions, and other important items that could affect your family. It’s best to take the time to create an end of life care checklist early so the stress can be eliminated as soon as possible for you and those close to you.
1. Start with an Advanced Healthcare Directive
There is no better way to take control of your end of life care than to create an advanced healthcare directive. It’s something that many people wait too long to do, but if done earlier than later can ease the stress of making certain decisions for you and your loved ones. An advanced directive allows you to make certain decisions upfront such as opting into hospice care, goals of care, where you’d like to spend your final days (at home, in a hospital etc.) and more. Without an advanced healthcare directive, others may acquire the responsibility of making these decisions for you, which can be confusing and stressful.
2. Focus on Estate & Financial Planning
No matter what your assets happen to include, you should plan now on how they will be handled in the future. This involves naming an executor and a trustee to the estate, as—like with an advanced healthcare directive—estate planning is the only way to ensure that the decisions made about your property and belongings line up with your expectations.
With Fifth Season Financial, our Funds For Living Program can be a vital part of a patient’s end of life planning, helping qualified individual’s access unrestricted and much-needed funds from their life insurance policy.
3. Don’t Skip Funeral Planning
Funeral planning is another way to feel at ease with your end of life plans and doing so can take a great deal of pressure off of your loved ones. Consider options such as cremation or burial, where you’d like to rest, who needs to be made aware of your passing, among other things. You may even choose to plan an itinerary so that they best represent your life and your loved ones can remember you in the way you choose.
End of life planning is never easy, but it’s a good thing to do to make sure you and your loved ones are at peace. Take time to outline a plan for end of life care, and you can spend the rest of your days not worrying and spending it with those you love.
If you and your family need financial assistance due to your condition and you currently own a life insurance policy, our Funds For Living Program may be able to help you live life comfortably without financial stress.
Disclaimer: Fifth Season Financial is not a financial advisor or consultant and recommends that you speak to an advisor or expert before making any significant financial decisions.