When you are young, you may feel estate planning is unnecessary. If you do not have children and own limited assets, it may seem unimportant to spend time preparing. However, the process involves more than the mere distribution of property.
Regardless of your age, unexpected situations can occur. Your health may decline suddenly, or an accident may result in a medical crisis.
What does an advance directive specify?
This type of legal document details your unique wishes relating to your end-of-life or other health care. Drafting paperwork of this kind creates a plan for unforeseen incidents so relatives and medical staff understand your choices regarding treatment. Creating this legal outline maintains your autonomy in a variety of situations, including emergency care.
What issues does an advance directive plan address?
Advance directives plan for potential incapacity by documenting your choices about possible health care needs. This preparation provides a way to relay your decisions to family members if you are unable to communicate. They can include the following preferences:
- The types of comfort-care medication you prefer
- Your choices regarding life-support measures
- Your decisions about tissue and organ donations
- The person you want to make other medical decisions on your behalf
Why do young adults need to consider estate planning?
If you get in an accident that leaves you unable to communicate or make decisions, your family will not have a way to help due to The Health Insurance Portability and Accountability Act. HIPAA regulations prevent your parents and family members from having access to your medical records. An incapacity plan allows them to carry out your directives.
Filling out an advance directive protects you in unexpected situations. It ensures you get to decide your medical care and reduces the stress of guesswork for your loved ones.