Important Documents

WHAT ACTUALLY IS A LIVING WILL?

A living will is a healthy document you should have. A living will establish a plan of action. Often plans change. The right living will prepare for ongoing changes.  Committing to a plan in a living will turn out to be productive. In the most straightforward explanation, a living will is a document that defines a preference for medical procedures, such as life support, feeding tubes and more.  It's a way to record your personal views in the event you are unable to communicate them yourself. For example, if you are unconscious following a serious car accident and you need some form of emergency operation. Even though a living will is a legally binding document, you can adjust your preferences as time passes to match your current philosophies.

Many estate planners today are include end-of-life documents or final directives such as powers of attorney, living wills, and special medical directives. All the same, you and your loved ones should insist on careful planning for long-term care during the estate planning process.  Many of us in our senior years overlook this healthy aspect of planning, which is often referred to as “life resource planning”. Your estate planner should be included in this planning process for your long-term. Professional expertise can be quite valuable when crafting a long-term care plan. An elder law attorney or a qualified estate planning financial advisor who specializes in estate planning will design documents for you that will assist in an orderly transfer of property and assets to its next of kin.