Would You Benefit from a Living Will?

Whether to make a living will is a personal decision, much like becoming an organ donor. The decision requires contemplating imminent death or permanent unconsciousness, conditions it may be hard for us to imagine. Yet the impact of such a condition on our loved ones is something we may better be able to picture. The emotional and financial costs of being kept alive when there is no real chance of recovery can be severe. Avoiding depletion of an estate that could be passed to loved ones was, and is, a primary reason for the creation of living wills.

The living will is just one form of planning for the end of life. It supplements a regular will, which becomes effective at death. In a sense, a living will is insurance against the frustration of the regular will, as it serves to prevent the will's creator from being sustained on the brink of death as the assets that would otherwise pass through the will are drained on medical expenses. To fully protect yourself, and to ensure that the property and real estate you have worked a lifetime to acquire serve the purposes you intend, it is best to prepare a living will and an estate plan to be followed after death. To make sure that your full intent is accurately conveyed, it is wise to have a qualified attorney draft your living will.

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