Welcome back to The Truth About Ageing podcast! Today we're talking all things Advance Care Planning.
In South Australia, there are three key succession planning documents that can help your family as you are ageing and once you die - a will, Enduring Power of Attorney (EPA) and Advance Care Directive (ACD).**
In case you’re wondering what the difference between these documents is and what roles they play… a very high level, simple summary is:
WILL
A legal document with instructions for who you want to inherit your estate, care for your children and be the executor of your estate.
ENDURING POWER OF ATTORNEY
A legal document which allows you to appoint an Attorney to make decisions about your financial and legal matters.
ADVANCE CARE DIRECTIVE
A legal document which allows you to appoint a Substitute Decision Maker and documents wishes for your future health care, end of life, preferred living arrangements and other personal matters.
**Now Advance Care Directive's will have different names in different states and territories. If you're unsure what your state's equivalent is, you can head to www.advancecareplanning.org.au, which details the various different forms.
For more information, head to www.navigateagedcare.com.au :)