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What does a living will add to an estate plan?

On Behalf of | Feb 15, 2024 | Estate Planning |

Planning for the future is important, especially when it comes to ensuring your wishes happen in the event of incapacity or illness. One document that can provide clarity and peace of mind in such circumstances is a living will.

A living will, also known as an advance directive, is a legal document that outlines your preferences for medical treatment and end-of-life care when you are unable to communicate your wishes directly.

Maintaining control over medical decisions

With a living will, you retain control over medical decisions even if you become incapacitated. By clearly expressing your preferences for medical treatments such as life support or resuscitation, you can make sure healthcare providers follow your instructions.

Avoiding family disputes

A well-drafted living will helps prevent disagreements among family members regarding your medical care. By explicitly stating your wishes in writing, you eliminate ambiguity and provide clear guidance, reducing the likelihood of disputes or conflicts arising among loved ones who may have differing opinions about your treatment.

Relieving financial burdens

Serious illness or incapacitation can impose significant financial burdens on your family. With a living will, you can specify your preferences regarding the use of life-sustaining treatments, potentially avoiding costly medical interventions that may not align with your desires. This can help protect your assets and prevent financial strain on your loved ones.

Ensuring personal dignity and comfort

A living will allows you to prioritize your personal dignity and comfort by outlining your preferences for end-of-life care. When you wish to receive palliative care to manage pain and symptoms, a living will empowers you to make decisions like this that uphold your values.

Incorporating this document into your estate plan is a proactive step that can alleviate stress and worry about the future. A living will offers invaluable benefits for both you and your family members.