When it comes to estate planning, you spend a lot of time pondering what will happen to your assets after you pass. This is important, but it's not the only thing to think about. You also need to consider the fact that you could face a serious illness at some point in the future.
Medical care planning is an important part of any estate plan, as the right plan will give you the peace of mind you need.
For example, with a health care power of attorney in place, you know there is someone who will step in and make medical decisions on your behalf if you are unable to do so. Without this, however, it may be up to someone you don't trust to make these key decisions.
Naming an agent
Your health care power of attorney agent is the person you appoint to carry out your wishes if you're incapacitated. You have the opportunity to outline their responsibilities, so you're not really handing over full control.
Of course, there are situations you can't account for, so you'll want to choose an agent you can trust to make decisions that will benefit you.
If you assume that you'll be healthy until the day you pass, you may neglect to create a health care power of attorney. This may not pose an issue in the future, but you never know if you'll be unable to make your own medical decisions.
As you consider the benefits of a health care power of attorney, you'll come to find that this is a big part of your estate plan.