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21 - Who Needs an Estate Plan? Everyone

from Part III - Caring For Yourself and Your Family

Published online by Cambridge University Press:  08 June 2023

Elizabeth Eckstrom
Affiliation:
Oregon Health and Science University
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Summary

We have a choice of when and how to plan. We can choose to plan proactively or reactively. Optimal time to start is when you are young and healthy. Studies show a direct correlation between the quality of life of those who are suffering from illness or incapacity and their level of planning. Creating a clear and comprehensive plan is a gift to your loved ones. Estate planning is too important to be considered a “do-it-yourself” project. Principal estate planning documents explained: 1. Last Will and Testament. 2. Trust. 3. Power of Attorney. 4. Health Care Proxy. 5. Living Will. Chapter give strategies on the best estate planning through the decades.

Type
Chapter
Information
The Gift of Aging
Growing Older with Purpose, Planning and Positivity
, pp. 135 - 152
Publisher: Cambridge University Press
Print publication year: 2023

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