Financial Toolset
General Finance

Advance Directive

A legal document outlining your healthcare preferences, ensuring your wishes are honored when you can't voice them.

Also known as: living will, healthcare proxy

What You Need to Know

An advance directive is a legal document that allows individuals to outline their healthcare preferences in case they are unable to communicate due to illness or incapacity. This document can include instructions on what medical treatments you want or do not want, as well as appointing a healthcare proxy to make decisions on your behalf. For instance, if you specify that you do not want life-sustaining treatment under certain conditions, this document can help ensure those wishes are respected, potentially saving your family from difficult decisions during an emotional time.

One common misconception is that advance directives are only necessary for the elderly or those with serious health issues. In reality, anyone over the age of 18 should consider creating one, as unexpected events can happen at any age. For example, a car accident can leave a young adult incapacitated, making it essential to have an advance directive in place. It's also a mistake to assume that verbal wishes will be honored; without a legal document, family members may face confusion or disagreement about what you wanted.

To create an effective advance directive, consider discussing your preferences with family members and a healthcare professional. Make sure your document is clear, concise, and legally binding according to your state's laws. It's advisable to review and update your directive periodically, especially after major life changes such as marriage, divorce, or the birth of a child. Remember, having an advance directive not only protects your wishes but also alleviates the burden on your loved ones during difficult times. Take action today to ensure your healthcare preferences are known and respected.