Karen Purze, from Life In Motion Guide, walks through estate planning documents to put in place to ensure that someone who cares about you has the legal authority to act on your behalf in case of emergency (or death.)
2. After this presentation,
you will know:
• The essential advance planning documents
• Your options for key decisions
• How to take action
• How to share with others
6. Advance Directives
Advance directives specify (in writing) how you would like to be
treated in cases where you are not able to decide for yourself.
Two critical documents:
• A healthcare power of attorney, which designates someone to
make healthcare decisions for you.
• A living will, which describes your specific end-of-life care wishes.
A third, optional document is a DNR or POLST order.
7. Key Decisions:What’s most important to you?
1. Family not burdened financially
2. Making sure wishes are followed
3. Being at peace spiritually
Source: Kaiser Family Foundation / The Economist Four-Country Survey of Aging and End-of-Life Medical Care; conducted November 2016
4. Family not burdened by care decisions
5. Being comfortable and without pain
6. Living as long as possible
8. Who should you choose as your healthcare proxy?
Choose someone who:
• Knows you
• Supports your choices
• Can make quick decisions
• Can be a strong advocate
• Agrees to take on the role
9. Durable Power of Attorney for Property
• A durable power of attorney designates someone to act on your
behalf.
• You specify when it takes effect and when it ends.
• You specify how broad the powers granted are.
10. Who should you choose as your power of attorney?
Choose someone who is:
• Honest
• Financially responsible
• Organized
• A good communicator
• Willing to take on the role
11. Will or Trust
• A will or trust1 ensure that property passes according to your
wishes in the event of your death.
• You define how your assets should be distributed.
• You specify who should settle your estate.
1 Consult an attorney to help decide which is better for you.
12. Guardianship
• Guardianship designations are usually covered in the will or a
guardianship document.
• They designate who will care for your dependent children or pets if
you are not able.
13. Who should you choose as your executor or trustee?
Choose someone who is:
• Honest
• Financially responsible
• Organized
• A good communicator
• Willing to take on the role
• Local or nearby
• Likely to outlive you
• Patient
14. Who should you choose as a guardian?
Choose someone who:
• Is financially stable
• Healthy enough to handle the task
• Has good character (according to
you…and the authorities)
• Shares your values
• Agrees to take on the responsibility
15. Key Documents Summary
• Advance directives
• A durable power of attorney
• A will or trust
• Guardianship designations
16. Time to Take Action
1. Start the conversation(s)
2. Put it in writing
3. Share your decisions
17. Have the Conversation(s)
• Begin with the end in mind
• Be deliberate
• Give a “trigger warning”
• Do your homework
• Depersonalize it
• End with a plan
?!
18. Next Steps
• Encourage others to get their
key documents in place.
• Get “everything else” in order!
19. The Guide for Getting “The Rest of It” Organized…
Life in Motion is a guided workbook to help
you get organized. It has all the forms,
checklists, and inventory sheets you need to
quickly record your most important personal
information:
• Emergency Plans
• Personal Health Record
• Property Information
• Financial Assets (and Liabilities)
• Final Wishes
• Document Inventory
https://lifeinmotionguide.com
