what is a living will
TRANSCRIPT
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
WHAT IS A LIVING WILL?
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360 Degree Planning
Estate planning is often looked upon as a monetary matter.
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Without question, you do have to facilitate effective asset transfers.
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At the same time, you would do well
to adopt a 360 degree
perspective.
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END-OF-LIFE MATTERS
When you are putting your estate plan together, you should also consider end-of-
life matters.
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Toward the end of your life, you may not be able to communicate
your decisions.
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ADVANCE DIRECTIVES FOR HEALTH CARE
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To prepare for latter life incapacity,
you could execute advance directives for health care.
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One advance directive that everyone should have is a living
will.
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UTILIZATION OF LIFE SUSTAINING MEASURES
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A living will is a document that you use to state your preferences
regarding the use of life-sustaining measures.
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This is a very personal decision, and you should certainly make your
wishes known when you are planning your estate.
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CONSEQUENCES OF INACTION
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If you do not execute a living will, and you become unable to communicate while in a
terminal condition, your family members could be placed in a very difficult position.
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Plus, in the end, your own true wishes may not be carried out.
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HEALTH CARE DECISION MAKER
There is another advance directive for health care that should be executed called a durable power
of attorney or health care proxy.
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With this document, you empower someone of your choosing to make medical decisions on your behalf in the event of your incapacitation.
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SCHEDULE A NO OBLIGATION INCAPACITY
PLANNING CONSULTATION
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Action is required if you are not prepared from an estate planning
perspective.
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Everyone should have an incapacity component embedded within a
broader estate plan.
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If you are ready to get started, contact us to set up a consultation.
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Or visit our website www.sinclairprosserlaw.com
Nicole Livingston
Jon J. Gasior
Colleen SinclairProsser
Victor A. Lembo