Live well, love well

Decide where you'd like to live as you age.

Are you a homebody, or do you relish social atmospheres? Letting your family know your wishes may help with some tougher decisions down the road, such as where you should receive long-term care, if needed.

Determine who could take care of you when you realize you may need help.

Whether it's decreased mobility that requires physical help or cognitive decline that requires someone helping you get the bills paid on time, having a plan in place guides your loved ones.

Make decisions about what you'll pass along.

Do you want to distribute your possessions and assets equally among your heirs, or are there certain assets you want to make sure are handed down to a specific person? Making decisions now — and communicating them — may eliminate family quarrels later. 

Put paperwork in place that protects you and your wishes while you're living.

We all know that we will pass away someday, but losing the ability to make decisions for yourself while you're alive can be equally tough on a family. Sudden incapacity can happen at any time: Imagine a stroke that leaves someone uncommunicative for a couple of months. How will their family members act on their behalf? That process is much less agonizing if certain documents are in place:

• Living will or advance directives 
• Health care power of attorney
• HIPAA release form
• Do not resuscitate (DNR) order, if desired

Put paperwork in place that prevents your heirs from scrambling — or squabbling.

Without a will, your estate is intestate and a court will make decisions that may not align with your wishes. With a will in place, the distribution of property is as you wish. A will doesn't avoid probate, but your family will thank you for helping them avoid the delays and expense of intestacy. Here are the documents you'll need:

• Will or trust
• Durable financial power of attorney
• Beneficiary designations
• Guardianship of kids/grandkids if not in the trust or will