Life Care Plans
At Regal Estate Planning, our holistic life care planning is a compassionate roadmap for the future, ensuring that every aspect of your well-being is safeguarded before any issues arise.
Core Life Documents: Advance Healthcare Directive, Living Will, and Financial Durable Power of Attorney
All of us need an Advance Healthcare Directive, a Living Will, and a Financial Durable Power of Attorney. Each of these documents addresses the possibility that we will not be able to make decisions for ourselves at some point in our lives. Whether it be a surgery, a coma, or dementia, these legal documents allow decisions to be made regarding your care during times when you can no longer make legal decisions.
♦ An Advance Healthcare Directive lists healthcare agents to make medical decisions for you if you are not able to otherwise make them for yourself. You may choose a spouse, a family member, or another individual in your life that you trust to take the best care of you. Generally, you will choose one individual at a time to make the decisions for you and you may stipulate how they are to make the final decision. For example, you may choose your oldest son as your agent and stipulate that he must consult or notify your other 3 children prior to any major decisions regarding your health.
♦ A Living Will is a document or paragraph within your Advance Healthcare Directive that describes how you would like to address a potential vegetative state situation. This is commonly known as the “pull the plug” provision.
♦ A Financial Durable Power of Attorney is a document that elects a financial agent to oversee your financial matters should you be unable to make decisions on your own. These powers may be given to your agents right away, at a certain time in the future, or upon your incapacitation. Some of the matters that this agent may oversee include Real Property, Tangible Personal Property, Stocks and Bonds, Commodities and Options, Banks and Other Financial Institutions, Operation of Entity or Business, Insurance and Annuities, Estates, Trusts, and Other Beneficial Interests, Claims and Litigation, Personal and Family Maintenance, Benefits from Governmental Programs or Civil or Military Service, Retirement Plans, Taxes, and Cryptocurrency. You may add to this list or remove any items from this list.
Life Care Planning: Nurturing Your Future
In our comprehensive life care planning, we prioritize addressing the full spectrum of daily needs and wishes, ensuring a thoughtful and proactive approach to evolving circumstances.
We can estimate treatment and living costs to include a comprehensive projection of how to maintain your physical well-being. We can consider the living arrangements and your lists of favorite foods, TV shows, activities, etc. and preserve those wishes within your estate planning binder. We can help you plan for a nursing home and calculate the costs of various living arrangements of your choosing. Ensuring your continued support and life preferences is our goal.
Life Care Planning: Nurturing Your Future
In our comprehensive life care planning, we prioritize addressing the full spectrum of daily needs and wishes, ensuring a thoughtful and proactive approach to evolving circumstances.
We can estimate treatment and living costs to include a comprehensive projection of how to maintain your physical well-being. We can consider the living arrangements and your lists of favorite foods, TV shows, activities, etc. and preserve those wishes within your estate planning binder. We can help you plan for a nursing home and calculate the costs of various living arrangements of your choosing. Ensuring your continued support and life preferences is our goal.