Estate Planning: It’s Not Just About Your Money and Your Stuff
Gene Roddenberry, the creator of Star Trek, left provisions in his Last Will and Testament to have his cremated ashes scattered by a space satellite orbiting the Earth. His wishes were carried out in 1997 and his ashes were taken off the planet along with the remains of a space physicist, a rocket scientist, and those of psychedelic guru Timothy Leary.
In previous posts we discussed the importance of planning not only for the distribution of your assets after you pass away, but also designating an individual to manage your assets if you become incapacitated. In this post, we will touch upon a few other highly personal decisions that are part of every estate plan.
Instructions for medical care during incapacity
An Advance Health Care Directive (AHCD) contains provisions that in the past were part of two separate documents: The Durable Power of Attorney for Health Care (also known as a healthcare proxy) and the Living Will. Advance Health Care Directives are far more detailed, however, setting forth a person’s instructions on a wide variety of important medical decisions, including:
- Do Not Resuscitate (DNR) orders
- The choice to administer or withhold artificial nutrition and hydration at the end of life
- Whether or not medications should be administered and/or surgeries performed to prolong life in the event of a terminal illness
The choice to have home care or to be moved to a residential facility may also be designated in the AHCD and other estate planning documents. An AHCD may also explain religious-based decisions such as a refusal to accept blood transfusions and other treatments.
Disposition of your remains
A Last Will and Testament usually states whether you prefer burial, cremation or an alternative disposition of your remains. Your Advance Health Care Directive can be more specific:
- While there are some instances where an autopsy would need to be performed whether or not authorized (e.g., as part of a murder investigation), you can specify whether or not you would like to have it done in any event to determine cause of death, or under what circumstances.
- Your AHCD can authorize your health care agent to donate any of your organs, tissues or parts – you can specify whether you wish for your donation to be for transplant, therapy, research and/or educational purposes.
- You can also donate your whole body to science, but note that medical and scientific institutions generally require that you go through an advance screening and authorization process.
- A simple or elaborate burial can be requested, or cremation can be designated (and whether you prefer to have your ashes buried, kept in an urn, or scattered).
Guardians for minor children and other dependents
No one could do a better job raising your minor children that you can, but if you (and/or your spouse or partner) can no longer do it, someone else will. The care of other dependents, such as elderly or disabled relatives should also be considered. Make sure that you designate responsible individuals in your Last Will and Testament.
Comprehensive estate planning services in San Francisco
Note that having cremated remains taken into space is rather costly, but there are many other meaningful options available for your loved ones to carry out. Contact the California estate planning attorneys at Moskowitz, LLP for assistance in designing an estate plan that not only protects your assets and investments, but that also ensures that your personal and spiritual preferences are followed.
Published at Tue, 28 Mar 2017 17:52:00 +0000