When creating an estate plan, you'll spend most your time thinking about what will happen to your assets, such as your home and bank accounts, after your death.
While it's important to focus on these things, you also need to think about your health and well-being while you are alive. And this is where a living will comes into play.
The primary purpose of a living will is to express your medical treatment decisions, all with the idea that you may not be able to share your thoughts as the result of an illness or injury.
Here are some other things to know:
- With a living will you can rest assured that your medical wishes are honored, as opposed to leaving this up to someone else who may not make the right decision.
- A living will allows you to inform your loved ones as to the type of treatment you want, thus making it easier for them to provide care during this difficult time.
- You can use a living will to provide instructions on a variety of treatments, ranging from life sustaining drugs to the use of a respirator (and that's just the start).
As you get more involved with the estate planning process, you should take the time to learn as much as you can about the creation of a living will. It's hard to think about a situation in which you're unable to make your own medical decisions, but it's better to be safe than sorry. This will provide you and your family members with peace of mind.
Source: FindLaw, "Living Wills," accessed May 04, 2018