Likewise, a health care power of attorney (POA) document lets you name someone you trust as your “agent” or “attorney in fact,” giving them the power to make medical decisions on your behalf. A simple health care directive could have prevented the legal battle to control her destiny.
Her husband insisted on allowing natural death, but her parents argued they must keep her alive using extraordinary measures. Here’s one example of the importance of this document: In 1990, 26-year-old Terri Schiavo suffered a cardiac emergency that left her in a vegetative state and triggered a 15-year conflict over her care. Doctors and nurses are legally bound to abide by your directive – unless they have an objection of conscience or consider your wishes medically inappropriate – regardless of what your family wants. If a health emergency makes you unable to communicate your treatment wishes, your family shoulders the burden of making those decisions for you.Ī health care directive (aka, living will) tells your family and friends what lifesaving medical treatments you want and, more importantly, don’t want. A term life insurance policy can cover any outstanding loans and help protect your parents and spouse. What to doĬonsider buying insurance in the amount necessary to account for your debts, including your mortgage and car payments.
But what if a parent or someone else co-signed the private loan? They could be on the hook to repay the entire loan unless it’s a new loan issued after November 20, 2018, thanks to a provision in the Economic Growth, Regulatory Relief, and Consumer Protection Act.Īnd if you took out loans after getting married, your spouse could be stuck with them if you lived in a community property state or they co-signed on your loan. Your balance is likely to be forgiven if you took out the private student loan on your own.
#Young living faceboof cover photo plus#
Federal student loans discharge at death, so no further payments will be required - that includes federal Parent PLUS Loans your parent may have taken out to cover your university bill.įor private student loans, the decision is up to the lender.
0 kommentar(er)
