PSA: get your will, power of attorney, health representation agreements in order!
If you don't want people fighting over who is going to (or not going to) look after you if you start to suffer from Alzheimers, or have cancer and are too medicated to make decisions, please, go to your friendly local lawyer (;)) and discuss:
- having a health representation agreement (designating who makes health decisions on your behalf, including where/with whom you'll be living)
-having a power of attorney (designating someone to look after your finances, and tailoring it to allow/restrict certain decisions)
- having your will done (who will be inheriting your estate, discuss who can protest it)
- whether buying life insurance is a good idea for your situation
- designating your beneficiaries on your insurance, pensions, and other instruments (such as RRSPs in Canada)
Seriously, it will be worth the money and time. I am a lawyer and it's amazing (and sad) how many families are spending thousands of dollars dealing with another family member who is taking advantage of someone who is infirm - they are tranferring their property, removing money from bank accounts, dropping them off at a long-term care facility (or removing them without anyone's knowledge).
It's a shame, it's not in the best interests of the infirm person, and it's so emotionally and financially draining for everyone.
Discussing your wishes with your spouse, child, or parent (while a good idea) is not the same as having legally binding documents which will not only uphold those wishes, but also make things a lot easier on everyone involved.