Drafting a will puts the average adult ahead of the curve. Quite a few people do not have any estate planning documents in place. However, stopping with just a will may not be the best decision. Wills are better than nothing, but they only take effect when the testator who drafted the documents does.
Those concerned about the well-being and stress on their families may need to consider drafting additional documents beyond a simple testamentary instrument. Many people choose to plan for the possibility of a personal emergency in addition to planning for their own mortality. They can draft documents that take effect when they become incapacitated. Advance directives can take pressure off of concerned family members and better ensure that people in vulnerable positions receive appropriate support.
New adults
Teenagers who have recently turned 18 may still feel like dependent children. However, their legal status changes on their birthday. Their parents no longer have any right to access their medical records or make decisions about their care in an emergency. Drafting advance directives can ensure that the new adult has a trusted person to act on their behalf. They can establish medical powers of attorney designating one of their parents or another adult as their agent. They can also draft a living will explaining what medical preferences they currently have.
People with chronic medical challenges
Some people have lifetime medical conditions such as cerebral palsy or multiple sclerosis. These conditions may cause a variety of medical complications that could put someone in the hospital or leave them incapacitated. Cancer, rheumatoid arthritis and a variety of conditions may force people to think about the possibility of a medical emergency. Those dealing with long-term medical challenges may want to draft advance directives. They can provide clarity about their medical wishes and ensure that someone responsible can oversee their medical care in an emergency.
Retiring adults
Many people wait until they are near retirement to start estate planning. It is also common practice for people to review their estate plans during the retirement preparation process. People thinking about what may happen as they age may see the benefit of establishing advance directives. They can control the care that they receive, ensure the support of a trusted individual and even protect themselves from involuntary guardianship.
Expanding an estate plan to include advance directives can be beneficial for many people. Living wills and powers of attorney can prevent confusion and conflict when an adult experiences significant medical challenges.