Tag: power of attorney

Advance Healthcare Planning

At any age, illness or injury may cause the loss of a patient’s ability to make decisions.  With “advance directives”, you can provide directions for your own medical care, in advance of a time when such instructions are necessary. Advance directives are legal forms that allow you to voice your wishes regarding future medical care and treatment in the event you become unable to do so for yourself.

Advance directives include:

Living Wills – an instruction list to your physician, family and friends about the preferences you have regarding life-sustaining care or end of life care.

Health Care Power of Attorney – this document names a person to speak for you on your behalf. They can decide what treatment you will receive in addition to where and who is treating you. A durable power of attorney for health care is only effective after you have lost your capacity to make or communicate decisions.

Pre-Hospital DNR – states that you do not want to have resuscitation attempted, should you stop breathing or your heart stops beating. This document is not for everyone and is generally only recommended for terminally ill or incredibly frail individuals.

It is crucial that you store your documents in accessible  places. Always keep a copy in your house – a great place is to store it on your refrigerator. You should store a copy in your vehicle, such as in the glove box. It is also wise to give copies to family and close friends. Think about who would come to the hospital if something were to happen to you.

By: Brenda Langdon

Financial Tips

  • Next time you go to the grocery store, take a thoughtfully planned list and stick to it. This will help decrease money spent on impulse buys and also help you remember everything you need so you can get it all in one trip!

 

  • Contact your banking institution and set up one or more named savings accounts specific to the financial goals you are currently working towards. Some examples could be Christmas fund, travel fund, emergency fund, new car fund, or down payment fund. Set up a direct deposit into each account every time you get paid or on a monthly basis.

 

  • What was your first major purchase you made entirely on your own? Write it down and share the insights with a child, spouse, family member or friend. When we reflect on past money experiences and lessons, we can use them to shape future financial decisions. Your money experiences can be a valuable lesson for others as well.

 

  • Create or update a power of attorney. A power of attorney gives a designated person power to manage your financial affairs. Make sure to choose a trusted individual who is aware of your wishes. It allows the individual to make bank transactions, collect Social Security payments, etc. if you are medically incapacitated.

By: Brenda Langdon