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An advance healthcare directive, also known as living will, personal directive, advance directive, medical directive or advance decision, is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity.
An online version called Five Wishes Online was introduced in April 2011 allowing users to complete the document using an online interface or print out a blank version to complete by hand. An updated version, renamed Five Wishes Digital, debuted in 2022, including options for all 50 states, and fully digital signing and witnessing options.
A living trust is a legal arrangement you can use to transfer assets to your loved ones. In that regard, it's similar to a will, only with one major difference.
A living funeral, also called a pre-funeral, is a funeral held for a living person. It may be important to the person's psychological state and also that of the dying person's family to attend the living funeral. It is also sometimes used as a time to read the will and explain the reasons behind some of the decisions contained within it.
A living trust is something you might consider for managing the transfer of wealth and assets … Continue reading → The post Living Will vs. Living Trust appeared first on SmartAsset Blog.
A popular option is a living trust, which many people consider one of the better routes to take. A living trust is a legal setup that allows an individual or couple to specify how their assets ...
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