If you want to develop a comprehensive plan for aging that covers any and all contingencies, you must consider the possibility of certain medical scenarios presenting themselves.
There are those who become unable to communicate at some point in time, and due to the medical advances that have been made it is sometimes possible to keep people alive for long periods of time who are in a vegetative state with no hope of recovery.
Of course elders can fall into such a condition, but it sometimes happens to younger people as well and we all learned this through the highly publicized case of Terri Schiavo.
A living will is a document that is executed to record your wishes in a legally binding manner with regard to your medical preferences. If Terri Schiavo would have executed a living Will the acrimony between her parents and her husband could have been avoided because her own wishes would have been known and honored.
You may also add additional information to your living Will. One thing that you could cover would be whether or not you would be willing to donate organs or tissue after your passing. Organ transplants are saving lives every day, and the need for more donors always exists.
The best way to make sure that you are comprehensively prepared for the future is to go forward with the benefit of professional advice. If you would like to do just that, simply pick up the phone to arrange for a consultation with a good Indianapolis estate planning lawyer.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.