Estate planning: A chronic illness may prompt a sense of urgency

On Behalf of | Jul 11, 2019 | Wills |

The belief that time is on their side may lead many individuals in Massachusetts into delaying the process of planning for the future. However, for those who live with a chronic illness, the reality that time is finite may prompt a sense of urgency toward seeking guidance on available estate planning options. With a variety of factors to address in developing a plan for the future, seeking guidance early in the process could prove imperative.

Studies indicate that by the start of 2020, the number of Americans who live with a chronic illness will reach nearly 160 million. Experts indicate that there are a variety of vital factors to address when facing a similar circumstance. For instance, providing another party with access to personal health information through a HIPPA release form can be a complex process, but it may also prove essential in the event of serious injury or incapacitation.

Individuals with chronic illnesses may also find it helpful to seek guidance on their options for drafting a living will or implementing a health care proxy. Similar options offer a variety of potential benefits, such as providing guidelines as to the type of treatment administered in the event of incapacitation. There may also be a multitude of monetary concerns to address, and should the time come when one is no longer capable of making the necessary decisions, having a financial power of attorney in place could prove vital.

Similar topics might seem difficult to address, even for those who understand that their time is limited. Individuals who live with chronic illnesses who wish to better understand their available estate planning options could benefit from retaining the services of an attorney for guidance as soon as possible. An attorney in Massachusetts can provide a client with guidance on every crucial topic to address and assist in developing a plan that is in keeping with his or her wishes for the future.


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