Wills are an important part of our adult life, ensuring that your assets are properly distributed in the event of your death. Wills are essential for planning your future and determining what will happen to your belongings, money, land and other possessions after you pass away. Living wills and last wills are significantly different, but it’s important to be aware of the key differences between both. Our blog is here to unpack the key differences and help you find trusted will solicitors for your needs.
What Is A Living Will?
A living will, also known as an advance directive, is a type of will that outlines your wishes with regards to medical conditions and treatments. This type of legal document is used primarily when someone is suffering after an accident or with a terminal or serious illness that is preventing them from being able to make their own decisions.
A living will is a document that will detail which types of treatments an individual may want, such as life-sustaining measures. This type of will can also specify an individual's end of life preferences, like their pain management preferences. Things like organ donation can also be included in this type of document, as well as designating a trusted person to make decisions if the individual cannot make decisions themselves.
What Is A Last Will?
A last will and testament is a document that takes effect after an individual has passed away. The will should outline what happens to an individual’s assets once they have passed, and how these should be distributed.
Lasting wills will typically appoint an executor, specify beneficiaries and guardianship for young children. They will also clearly outline how assets should be distributed, which prevents disputes between family and loved ones in the event of a relative passing.
Understanding The Differences
Now we’ve gained a better understanding of both types of wills, we’ve highlighted the key differences to take note of.
Timing - A living will will take place during a person's lifetime and a lasting will will take place after the event of their death.
Focus Of The Will - A living will focuses mainly on medical decisions whereas a lasting will addresses the distribution of assets.
Legal Requirements - The legal requirements and documentation for these two situations may differ.
Mark Redler Solicitors: Making A Will Made Easy
If you’re worried about making a will or having the right resources, our team of will solicitors here at Mark Redler are ready to help. Our team can work with you to find the ideal solutions and make the process as simple as possible.
To learn more about our living will and writing services, head to our website or get in touch for more information.
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