You might have written down your plans for your will or even set up a trust, but what happens if you’re not able to handle your own finances or healthcare decisions in the future? Incapacity issues are important to think through.
A recent study from the University of California San Francisco and Massachusetts General Hospital looked at factors that could potentially predict mortality. It’s important to think through the possibility of unexpected events like an injury, illness, accident or disability that may either leave you with significant adjustments in your personal life or may even claim your life. The recent study looked at data from more than 8,000 individuals aged 65 and above.
Nearly 22% of the group’s participants passed away within four years of their initial interview. Social characteristics were connected to the outcomes of that study, showing that poor neighborhood cleanliness, meeting with children less than once a year, low perception of their control over their individual financial situation and not working for a salary were some of the factors that most strongly influence someone’s chances of high mortality. Planning ahead for the future requires thinking about the unknown.
Working with a local Pasadena estate planning attorney, you can address many of the primary concerns related to uncertainty. This can include naming a power of attorney agent to make financial decisions on your behalf, determining which medical treatments you do or don’t want, and even naming an executor or personal representative to take on the administration of your estate if something happens to you. Work with a dedicated estate planning attorney today to accomplish these goals and more.