End-of-life planning may not be the most straightforward topic to discuss, but it is one of the most responsible and loving things you can do for your family. By preparing these essential legal documents, you can ensure your wishes are respected, and your loved ones are protected from unnecessary stress and confusion. Here are five crucial legal documents you should prepare in the Philippines:
Last Will and Testament
A Last Will and Testament specifies how your assets will be distributed after passing. Without a valid will, your estate will be divided according to the Philippines’ intestate succession laws, which may not align with your personal wishes. This document also allows you to appoint an executor who will oversee the administration of your estate.
Living Will or Advance Medical Directive
A Living Will, also known as an Advance Medical Directive, outlines your medical treatment preferences in case you become incapacitated and unable to communicate your wishes. While not explicitly covered by Philippine law, advanced healthcare directives are increasingly recognized in hospitals and medical institutions.
This document can cover life support decisions, resuscitation preferences, and other critical healthcare instructions to guide your family and medical professionals.
Durable Power of Attorney
A Durable Power of Attorney authorizes a trusted individual to make financial and legal decisions on your behalf if you cannot do so. This ensures that your bills, properties, and other financial matters are properly managed even if incapacitated.
Healthcare Proxy
A Healthcare Proxy (Medical Power of Attorney) designates someone to make medical decisions if you cannot do so yourself. Although this concept is not explicitly named in Philippine law, a Special Power of Attorney (SPA) for healthcare decisions can serve a similar purpose.
Unlike a Living Will, which focuses on predefined medical instructions, a Healthcare Proxy allows your chosen representative to make real-time healthcare choices based on your best interests.
Memorandum of Funeral and Burial Wishes
While not a legal requirement, a written memorandum specifying your funeral and burial preferences can be incredibly helpful to your family. This document can outline whether you prefer burial or cremation, specific rites or religious ceremonies, and any other final wishes you may have.
Why These Documents Matter
These documents provide clarity and legal protection for your loved ones. They help prevent disputes, ensure your estate is handled according to your wishes, and ease the burden on your family during a difficult time.
Proper end-of-life planning is a gift of peace of mind-not only for you but also for those you care about most. If you need assistance in preparing these documents, Aeternitas is here to help you! Connect with us and plan for the future.
