The terms Living Will and Living Trust may seem a bit vague and easily misunderstood. At times people even use them interchangeably. However, a living will is different from a Living Trust. Although both may share a number of similar characteristics, you need to know their exact definitions to be able to fully utilize them to your advantage.
Hi Folks,
The story about Terry Schiavo and the court battles that her family and husband had to endure spread all over the country. Its exposure on the news made people aware of living wills and how these documents can save them from a great deal of suffering and difficulties. And, it changed the perceptions of Americans about death in general.
Illness, severe injury and death are unpleasant subjects, not easy to think about and talk about. But no matter how delicate and unpleasant the subject, it is vitally important to be prepared in advance so that you will receive the kind – or extent – of medical treatment you want. That is why a Living Will is so important.
Many people do not understand the purpose of a Living Will. Some even think that a Living Will and a Last Will and Testament are the same thing. However a Last Will and Testament and a Living Will are two totally different legal document. In fact, a living will is more analogous to a “Power of Attorney”.