Financial therapists merge financial planning with mental health care.
Advance medical directive
You need to understand what an advance medical directive is. Here’s what to know.
What is an advance medical directive?
An advance medical directive allows you to state how your health care should be handled if or when you are no longer capable of making decisions regarding medical treatment. Through one of three instruments — a living will, power of attorney for health care, or medical power of attorney and health care proxy — you make your own medical decisions and appoint someone to make them on your behalf if you are incapacitated.
Although you do not need to hire an attorney to fill out an advance medical directive, it is a good idea to discuss difficult medical decisions with someone like a trusted friend or your family physician before committing them to paper.
For example, it is important to decide how much intervention you wish to receive in the event your medical condition is deemed terminal. Do you wish to be kept alive by artificial means or want measures taken to extend your life?
According to the National Hospice and Palliative Care Organization, advance medical directives are legally valid throughout the U.S. Once you learn about the advance directive laws of your state, you can complete and sign a directive that complies with those state laws in front of the required witness (as outlined by your state).
Keep in mind that emergency medical technicians (EMTs) are not allowed to follow your advance medical directive, but rather must do whatever is necessary to stabilize you and transport you to a hospital. Once you are at the hospital, it is probable that your advance directive wishes will be adhered to due because some states impose penalties on health providers who fail to comply with patient instructions.
Example of advance medical directive
Having an advance medical directive in place not only helps ensure you receive care consistent with your wishes, but it also guides your family and/or friends through what might be a difficult decision-making time.
The people who care about you need only follow the directives you have put in place and are not burdened with making painful medical decisions on your behalf.
More From Bankrate
7 min read Sep 26, 2022
Weigh the pros and cons to decide if debt consolidation is right for your situation.7 min read Sep 16, 2022
You need to know your credit score before you approach a lender.3 min read Sep 14, 2022
Survey: Half of workers who got a raise or higher-paying job say their pay didn’t keep up with inflation
Americans aren’t reaping the benefits of the fastest wage growth in decades.6 min read Sep 14, 2022
If you’re wondering how to get a service dog, start with these organizations.7 min read Aug 29, 2022
There are steps anyone can take to lessen the financial impact of graduate school.6 min read Aug 22, 2022
For Financial Awareness Day, follow these tips to improve your financial standing.5 min read Aug 10, 2022
Your parents’ and grandparents’ financial etiquette are a thing of the past.7 min read Aug 01, 2022
Podcasts are a convenient way for savers to boost their personal finance knowledge.5 min read May 24, 2022