Unusual Health Related Questions You May Be Asked When Managing Your Net Worth
Your health has a lot to do when it comes to managing your net worth and deciding who and who will inherit what you leave behind. Some of these questions may come at you out of left field, but you have to take it in your stride and be as honest as you possibly can, especially if you wish to avoid any unpleasant surprises in the future. Here are some of these unusual health questions which can have a bearing on your legal matters.
Have you put away genetic material?
Science is now breaking the boundaries of what we ideally used to limit within the definitions of family, children or descendants. Even if the attorney that you hired does not ask you this, you should disclose to your will lawyers Melbourne, what genetic material you might have put away for safe-keeping. In simpler words, have you at any point in your life preserved embryos, sperm or eggs with the intention of using it at some later point? If the answer to this question is yes, you also need to think about any inheritance that you might want to give to your descendants who may be conceived even after you pass on. If you wish to do so, you may also have to direct a number of years within which this birth must happen for the inheritance grounds to hold. Even though legal complications and logistical barriers may prevent your wished from being carried out to the letter, children born after your death will stand as ground for possible litigation which needs to be avoided.
Are you going through a change in gender?
Contrary to what you may believe, your gender may have vast legal implications especially in the management and handling of your financial assets. Even if you really do not want to discuss this with your estate planning lawyers, you must be prepared to do so, honestly. If you are transgender, or are going through a gender change, you most certainly need to clarify this with your attorney. All of the documents that pertain to your legal proceedings must comply with how you wish to identify yourself. In some cases and some countries changes in birth certificate, driver’s license, passport and other identification material and professional licenses maybe required.
Have you considered when to “pull the plug”?
This question will make you squirm. But it is one that has to be answered. If at any point in your life, your health deteriorates to such an extent that you are on life support, have you considered, or when would you like to call it quits? Your attorney of course, will prompt you to sign a directive on health care with regards to this. You must also get your healthcare provider involved at this point and alert your loved ones too. Your failure to do so might mean that in the event such an instance occurs, your family would let you remain on life support because they do not have any insight into making the decision to let you go, as per your wishes. Each of us has our own view and the right to decide what we call “overly diminished quality of life”. Therefore make your choice known to all those who matter.