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Today, managing your financial well-being often includes the potential need for long-term health care.

Advance directives by durable power of attorney, health care proxy, or living will are relatively inexpensive and easy to establish, and should be considered essential estate planning tools.

There are some issues that may be just as important as financial decisions, revolving around what types of health care measures will be taken (to alleviate suffering or prolong life).

Stringent privacy rules make it important that you consider an advance medical directives power of attorney to help direct your future health care.

Conventionally, estate planning has focused on how to minimize estate taxes and designate who gets what when you die.

Advance directives can provide instructions for how an individual wishes to have their affairs handled in the event of an untimely contingency.

Advance directives are legal instructions that express a person’s wishes regarding financial and health care decisions in the event that he or she becomes unable to make them. If incapacity occurs and there are no advance directives, is guardianship a viable option?

Consider what would happen if you were to suffer a catastrophic illness or become incapable of managing your own affairs.