Chances are that you’ve heard of “living wills” and “living trusts” before, but what's the difference, and does it really matter?
Like the living trust, a living will is a very important components of your estate plan, but while the living trust is about financial asset management, a living will is about managing your health decisions and biological assets - particularly, what should happen if you are ever in a completely vegetative condition, from which there is no chance of recovery.
A living will is "the" component of an estate plan that will keep your family out of the news for fighting about whether or not to "pull the plug."
A living will turns your wishes about healthcare into medical directives for healthcare professionals and your loved ones to follow. Having a living will in place can prevent your family from fighting among themselves over what you “would have wanted.”
Important medical decisions can be a heavy emotional burden for a loved one to bare... such as whether to turn-off life support, whether to provide nutrition or whether to provide hydration, etc. You can make the experience much easier on your family by having planned ahead with a living will - giving them the guidance of exactly what you want to have happen.
At Family Wills and Trusts, your living will is only one component of a comprehensive plan. A plan that ensures there are no “gaps” that would leave you and your family exposed to unnecessary financial waste, headaches, or stress of having to go through "living probate" (Guardianship and Conservator proceedings).
Request free information below or schedule a Personal Planning Session to see how extremely valuable estate planning could be for your family.
