The unfortunate reality is that Alzheimer's is a serious issue for many elderly people who have to do their estate planning. Even years before they pass away, the disease can really take hold and cause their mental state to deteriorate. This matters for estate planning purposes because a person needs to have the mental capacity to make an estate plan to guarantee it will hold up in court.
Do you think that being cryonically frozen sounds like something out of a science fiction movie? While it does feature prominently in such forms, it is also a very real procedure. You can have your body frozen when you pass away, with the idea that you can then be reincarnated at some later date.
Creating an estate plan brings you face-to-face with a variety of difficult decisions. For example, you need to think long and hard about the best way to protect your children in the event of your premature death.
As the name implies, a deathbed will is a legal document drafted when you know that you will not recover from an injury or a disease. The medical professionals tell you that death is imminent and it's just a matter of time.
You think you have decades before you'll need a will, so you don't bother to write one. Then you pass away in a car accident far sooner than you assumed. You've now passed away without an estate plan, so what happens to your estate?