In this episode of Financial Planning for Canadian Business Owners, Jason Pereira, award–winning financial planner, university lecturer, and writer, interviews Dr. Daren Heyland, a former critical care doctor who now assists people in appointing a decision-maker and planning ahead in the case of serious illness!
Episode Highlights:
- 1:07 – Dr. Daren Heyland introduces himself and his profession.
- 2:18 – Jason and Dr. Heyland discuss the stress of making life or death decisions.
- 3:36 – What are both the industry and the layperson doing wrong?
- 6:51 – How have Dr. Heyland and his colleagues taken action to make change?
- 9:10 – What is Dr. Heyland educating his patients about through his Plan Well Guide process?
- 12:25 – Dr. Heyland discusses how oftentimes, the personal directive of the power of attorney becomes an afterthought.
- 15:00 – Has Dr. Heyland ever received a Dear Doctor letter?
- 16:22 – What is the level of resistance to this conversation that Dr. Heyland faces?
- 19:10 – Dr. Heyland expands on the toolkits that are available on Plan Well Guide.
- 21:10 – Jason emphasizes the downside to not taking action on time.
3 Key Points
- Dr. Daren and Jason believe that the estate planning process is a great time to plan ahead and appoint decision-makers, should the time come, in order to avoid the stress of being named the decision–maker in a stressful moment.
- Through his online platform, Plan Well Guide, Dr. Heyland helps his clients determine their authentic values and preferred treatment processes.
- More emphasis needs to be placed on naming the power of attorney as well as making everyone involved aware of what the game plan is if the estate owner is to die.
Tweetable Quotes:
- “When you’re already stressed because you’ve got a loved one lying there in a bed, critically ill, and we add stress to the experience by making them a substitute decision-maker.” – Dr. Daren Heyland
- “Let’s educate them to capacitate their substitute decision-maker with values and preferences that will be expressed in a way that is helpful to me as a critical care doctor.” – Dr. Daren Heyland
- “Unfortunately, a lot of people and a lot of doctors go about that process of talking about values in a very loose irreproducible way.” – Dr. Daren Heyland
- “It’s a much more acceptable and understandable concept to plan for serious illness than to plan for death.” – Dr. Daren Heyland
Resources Mentioned:
Transcript
Hosted on Acast. See acast.com/privacy for more information.