You’ve probably heard of the terms “will” and “living will.” However, if you are like most people, it may be confusing to fully understand the differences between these terms. While they are both very different, it is important to implement both into your estate planning. Take a look at what both of these legal documents offer: A will, also known as a last will and testament, is only effective after you die. It has no effect during your lifetime. A living will is only effective during … [Read more...] about What’s the Difference between a Will and Living Will?
Even though a lot of people realize that they need some kind of advance health care directive, commonly referred to as living will, they rarely get around to making one. According to survey figures, only about 20% of American adults have created some kind of advance directive. Yet when it comes to these important legal documents your doctor is more than three times as likely to have created one. Studies show that about 64% of physicians have some kind of medical directive. These legal documents … [Read more...] about You Don’t Have a Living Will, But Your Doctor Probably Does
When you decide to proceed with the creation of an estate plan, an experienced and qualified estate planning attorney will inevitably discuss including other documents in your estate plan in addition to your Will or Trust. Your estate plan should, at a minimum, include three other documents. These are: Advance Health Care Directive: This important document allows you to appoint a health care agent and to make specific decisions regarding future medical treatments you want to receive if you … [Read more...] about The Top Three Other Documents Your Estate Plan Should Include