Because we work in both Estate Planning and Elder Law, we often encourage our clients to contemplate possibilities about the end of their life. These conversations are not always enjoyable, but are an essential part of the planning process, and can help create a clear path for your loved ones to follow when the need arises.
This difficulty was discussed during a recent series on End of Life issues, on NPR series Tell Me More. Karyne Jones from the National Caucus and Center on Black Aged summarized this difficult but essential preparation saying, "… I think it's something that people just need to be aware of and start really deciding-- at the end of my life, whenever that may be, because you don't know when it is-- this is what I want to happen." Though starting these conversations with your loved ones will be difficult, it is absolutely necessary to speak with your family about your wishes.
This radio series delved into topics deeply intertwined with Estate Planning and Elder Law. These shows spoke with individuals who were at the heart of difficult matters, like the price of long-term care and the difficulties of looking after an dying parent. Though our clients may not find themselves in these situations currently, we do feel that these stories will resonate nonetheless.
Planning End of Life Care doesn't only mean sorting out the details of where or when, but looking at the bigger picture to make sure that your desires are being met, and your wishes respected. As with most things in life, it is not the destination, but the journey that matters. We are all aware of the inevitable, but how do you want to get there? Through proper planning and vocalizing your desires surrounding possible "if-then" scenarios, your family will have a clearer picture of how you want end of life care. This process may involve creating a Supplemental Needs Trust, or a Medicare Asset Protection Trust to protect your home from state liens, or may involve recording your wishes through a Will- based Estate plan. Any or all of these may be strategies that could provide you and your family with extra peace of mind and guidance during a difficult time. For more information about these and other End of Life strategies, please ask us a question on our Facebook page, send us an email, or call us at 978-922-8800.
The transcripts to the Tell me More series can be found at the following links:
"Financial Planning for the End of Life"
"Soaring Prices, Sinking Resources"
"Guidance on Caring for Aging Parents"
"Advice for the Golden Years- Don't Ever Retire Mentally"
"Trusting Faith Learning Lessons in Golden Years"