Wednesday, July 06, 2022

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End-of-Life Planning Part 1 - The Advance Directive for Health Care

In a previous post I wrote about basic estate planning steps that everyone should consider.  An important compenant of planning in Oregon is the Advance Directive for Health Care, a statutory form used to appoint a health care representative to make health care decisions when we are unable and/or to express wishes about end-of-life decisions that may someday need to be made.  This video includes a discussion between a terminal cancer patient and his pain management physician about extraordinary life-saving measures.  It appears that a form similar to Oregon's Advance Directive is being contemplated.  Included is a short interview of the patient's daughter, who I think articulates well the benefits of this type of planning from the perspective of family members.  She expresses a sense of calm and relief about her father having addressed these issues.  In part 2 of this series (post to follow), the important role of doctors is examined within the backdrop of federal health care reform signed into law late last year.  A provision that would have allowed doctors to be compensated for their time in conducting end-of-life counseling was removed from the bill prior to its passage.  I think doctors play a crucial role in educating their patients on the things to consider in making these decisions.  It's interesting to hear this doctor's view.

Video Link

Have you thought about what you’d do if a family member or loved one died?

lovedone.jpgI know.  This is simply an unpleasant thought.  Most families rarely, if ever, discuss what should happen if a family member dies.  Some, however, are open and quite communicative about the subject.  It’s my belief that these people will generally be more prepared to handle the post-death tasks associated with their loss, both practically and emotionally.  So, what should be discussed?  What should you do?

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Vanguard on Estate Planning

It's not a topic that people like to think about too much, but a well-crafted estate plan can provide financial security for the people who depend on you.  Video Link