Do I Really Need a Living Will?

Has it been some time since you sat down with an estate planning lawyer? If you never created a living will, now is the time to find a lawyer who can help you navigate the creation and maintenance of that document. A living will is a key component of your estate planning process.

There are many different estate planning tools and documents available to you. But it is important to understand that not all of these are created equal. Some documents work well together, and others stand on their own to help you accomplish specific tasks. There are also some confusing terms and jargon that can pop up in the process of you planning your estate.

One common misconception is the difference between a will and a living will. Your last will and testament is the document that you use to pass on assets to loved ones and to name a guardian for your minor children. It is the most basic and important estate planning document and people of all ages should have one.

A living will, however, is a form of an advanced directive, which has legal and written instructions regarding the preferences for medical care if you become unable to make decisions for yourself. Advanced directives like a living will are not only for older people, because unexpected life decisions can pop up at any age. Make sure you set aside a time to consult with an experienced and knowledgeable lawyer to create both a last will and testament and a living will to accomplish your estate planning goals.

At our NJ estate planning law office, we work with individuals and families who want to protect their wishes. Contact us today for a consultation.

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