If something happens to you, your loved ones don’t just lose you—they also lose your income, on top of everything else you provide. Create an end-of-life plan, also known as an estate plan, that reflects your wishes and preferences for your medical and financial decisions and final arrangements.
Decisions to include in your final arrangements; Whether you want a funeral, memorial or celebration of life service Who should be specifically notified of your death Whether you want to be cremated, buried or an anatomical gift
While a will allows you to name the beneficiaries of your assets, a trust provides for the management and distribution of your assets during lifetime and after death. Included for Betterleave members; Legal will - Make a plan for your assets and heirs. Designate an executor & beneficiaries Guardianship - Designate guardians for your children Living trust - Distribute money over time and allocate funds to specific needs
An important part of advance care planning involves having conversations with loved ones about what you would want in the event of a life-threatening illness or injury, and then, most importantly, documenting your preferences in writing. Included for Betterleave members; Power of attorney - Give temporary authority to someone you trust Medical consent - Give a caregiver instructions for medical emergencies Healthcare directive, also known as living will - Designate someone to make healthcare decisions for you if needed