A Living Will Could Save Family Financial Ruin

A Living Will Could Save Family Financial Ruin



A Living Will Could Save Family Financial Ruin
You don’t need to be an economics major to figure out that if ​ health care is going up 10% or​ more every year while income is only going up 4%, things are looking too good. ​
it​ is entirely possible for a​ person to work their entire life and ​ retire with a​ nest egg of​ $200,000 or​ more only to have it​ wiped out by one major medical issue. ​
This is especially the case when machines must be used to keep you alive due to a​ severe injury or​ illness. ​
it​ is in tragic times like these that a​ living will can be the difference between saving or​ breaking a​ family—economically at ​ least.
A living will is a​ legal document granting another person the right to cease treatment in the event a​ person becomes unable to live, eat, and ​ function without the aid of​ machines or​ medical care. ​
a​ feeding tube may be removed, a​ ventilator turned off, or​ any other machine or​ device that is being used to keep a​ person alive may be discontinued or​ turned off if ​ the executor of​ a​ living will determines so.
Of course, there are certain conditions that must be met in order for the executor of​ a​ living will to be able to make the decision to cease treatment. ​
Unfortunately, there are no uniform and ​ concrete set of​ conditions to be met in a​ living will because they differ from state to state.
In general, however, physicians must determine that a​ person is unlikely to improve and ​ in a​ debilitative or​ painful state. ​
Also, the person must not be able to care for themselves and ​ thus require a​ machine or​ other medical device in order to remain alive. ​
at ​ that point, a​ person with a​ living will can have treatment terminated if ​ the executor requests doctors to do so.
Of course, there are instances when a​ living will is contested by other family members not named in the living will. ​
In most cases, the courts have ruled in favor of​ the wishes made clear in the living will and ​ rarely ordered the continuation of​ treatment. ​
And honestly, that treatment is very expensive and ​ run into the thousands of​ dollars—each and ​ every day.
No one wants to see the passing of​ a​ loved one but no one wants to see them suffer, either. ​
if ​ a​ person took the time to have a​ living will drafted and ​ they found themselves in a​ situation covered by the document, then chances are they would want treatment stopped. ​
While an unpleasant topic, the fact remains that medical situations arise where the person will not recover and ​ is only being kept alive by machines. ​
Prolonging life at ​ that point only costs everyone more suffering, confusion, and ​ money. ​
a​ living will is the responsible alternative that takes a​ potentially painful decision out of​ other people’s hands and ​ puts it​ squarely in yours—where it​ belongs.




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