Cancer patients have many hurdles to overcome, from a lack of energy and financial problems associated with treatment to depression and uncertainty about the future. If you were recently diagnosed with cancer, our law office understands the immense amount of pressure you likely struggle with. It is imperative to focus on your own health as well as the future. For example, those with terminal cancer need to think about how their death will impact those they love.
Fortunately, there are steps you can take to protect your estate and ensure that your assets are managed properly, such as creating an estate plan. Moreover, estate plans also offer peace of mind, which is crucial for those struggling with a cancer diagnosis.
Reviewing all options
When it comes to creating an estate plan, there are many options and the right choice depends on your circumstances. For example, if you do not expect to survive, your approach to estate planning is possibly quite different in comparison to someone who anticipates many years of life. You need to think about various strategies to safeguard your assets and various hurdles that arise during estate planning, such as naming beneficiaries, thinking about the tax consequences of an estate plan and figuring out who to place in charge of the estate.
From an emotional viewpoint, cancer is extremely disruptive. Unfortunately, some people have a hard time focusing on their estate plan because of stress, depression and other emotional disturbances. Having a solid estate plan in place often allows people to enjoy the rest of their lives more, whether they have many years ahead or do not expect to live for much longer. Explore our blog for more on estate planning issues.