Retirement Weekly: What happens if you’re incapacitated? How to get your advance directives in order.

by | Oct 14, 2022 | Stock Market

There are some thorny tasks that everyone knows they should tackle.  Every so often, they think, “I should do this.”  Then they don’t.

Take advance directives. You’ve surely heard that you should think ahead and consider the type of healthcare and medical treatment you’d want if you become incapacitated. If you don’t make these decisions now—and complete the necessary forms to state your wishes—someone else will make the decisions for you later. You know that, right? For some of us, procrastination isn’t the only barrier to checking this off our to-do list. Confusion plays a role as well. Just as it’s hard to track our immunizations (when did you get your last tetanus shot or pneumonia vaccine?), it’s tricky to recall when (or if) we filled out advance directives. “People sometimes forget they filled out the forms,” said Scott Brown, president and chief executive of ADVault, a Richardson, Texas-based provider of advance care planning tools. If you did sign them, where are they? Who knows about them? Are they easily accessible if you’re suddenly unable to convey your wishes? Advance directives typically consist of a living will and a power of attorney for healthcare. Each state has its own statutory advance direct …

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