Instructions for terminal illness ensure last wishes are regarded

October 20, 1991|By Knight-Ridder News Service

Tax laws and legal issues are complex. In many cases, a will isn't enough to safeguard your final wishes, which may include ++ medical instructions for a terminal illness.

Here are three suggestions by Richard Stevens, director of personal financial services at Price Water house in Philadelphia:

* Establish a trust fund for your life insurance proceeds to avoid paying unnecessary estate taxes.

* Assign a power of attorney to someone you trust to manage your affairs or to appoint a manager in case you become disabled.

OC * Establish a living will with instructions for emergency care.

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