» 401k Retirement Plan Guides » Advanced Directives as Part of Your Retirement Plan

Advanced Directives as Part of Your Retirement Plan

Advanced Directive

A written document in which you specify the kind of medical care you want to receive in case you are incapable to do so for whatsoever reason. Only after you lose your ability to decide on your medical treatment and care, do doctors, family and others have to implement the advanced directive. The advanced directives have their specifics from state to state.

Types of Advanced Directives

There are several types of advanced directives, some of which are:

  • Living Will

    You can prepare a living will that takes effect when you become incurably ill. It is also applied in case your brain permanently becomes incapable to function. In case you have less than six months left to live, you should consider signing this type of advanced directive. Moreover, in case you suffer some king of a serious injury by which your brain is seriously damaged and stops functioning, then you fall in the state of being permanently unconscious. In the living will you state whether you want to be euthanized, due to the loss of hope for recovery after every possible method of curing has been tried.

  • Durable Power of Attorney

    Under this type of advanced directive you are allowed to empower a particular person to take medical decisions on your behalf in case you are no longer capable of doing so. Only after you lose your full consciousness and ability to take medical decisions does the durable power of attorney becomes active.

  • Do not Resuscitate Order

    When your heart or breathing stops, the doctors can apply cardiopulmonary resuscitation (CPR). Under this type of advanced directive you forbid the implementation of such CPR. Being legal in all US states, whenever you have signed a do not resuscitate order you should acquaint your doctor so that it can be included in you chart or medical record. It is a type of advanced order, which is under your request and control, recommended whenever your health condition has significantly deteriorated.

Advanced Directive as a Necessity

The advanced directive represents an essential part of everyone's plans since it greatly facilitates the conditions of your relatives in the events of serious accidents in which you are involved. Since no one is insured from an accident happening to him/her, an advanced directive is necessary to be done in order to reduce the additional stress in the events of misfortunes. No matter how young you are, by an advanced directive you make your choices and wishes legal and thus a must to be followed.

Changing Your Advanced Directive

Once you have set your advanced directive it doesn't mean that this is the final version and no further changes and additions can be done. On the contrary, you are given the opportunity to make the necessary changes that best fit your wishes regarding medical care in the events of loss of ability to make individual decisions.

State Specific Advanced Directives Regulations

Since laws regarding advanced directives vary from state to state, you should contact your hospital or doctor in order to supply you with the necessary documents required for the completion of an advanced directive. You can also easily download the necessary advanced directives that are specific to your state from the Internet.


Advanced directives are a must to be included in your retirement plan. You should provide for your potential loss of ability to make independent medical decisions and make the necessary moves to complete an advanced directive. Since retirement planning is not just about accumulating money, you should make the necessary provisions to meet whatever happens to you.

Rate this article : Low
  • Currently 2.9/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5