What do you want to happen if you become ill, get in an accident, or suffer memory loss and cannot make decisions for yourself? Any of these events can occur during your later years, so it’s essential to be prepared sooner rather than later
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The hospital, a judge, one of your children, a spouse, or a distant relative? And when do you think it would be the best time to complete the necessary documents to make sure that your wishes are granted, before something happens, or after when it’s too late?
We at Echo Financial understand these are difficult questions to answer, but they are just a few of the important things you need to think about when filling out your Advanced Directive. This is a document that will specify your wishes for medical treatment should you be unable to speak for yourself or maintain the mental capacity to make decisions regarding your physical well-being. This often includes a living will, a document in which you can stipulate how you would like your estate to be distributed amongst those who survive you.
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Let’s work together to make sure your assets are protected in case long-term care is needed, and that you do not run out of money in retirement.