A will (Last Will and Testament) is a document that states your final wishes and nominates a trusted person to pay your final expenses. It is read by a county court after your death and the court makes sure your final wishes are carried out.
A revocable living trust is a comprehensive document that allows you to maintain control of your assets, plan for you incapacity, and provide for your loved ones.
Boiled Down: A trust allows you to give your assets to who you want, when you want, and in the manner you want.
A living will is a written, legal document that spells out medical treatments you would and would not want to be used to keep you alive, as well as other decisions such as pain management or organ donation.
Powers of Attorney
A “power of attorney” is a written document in which you appoint someone else called the “agent” or “attorney-in-fact”) to act for you. Your agent can do any legal act you ask him or her to perform.
Long-Term Care Planning
Long-term care refers to a variety of services and supports that help you with health or personal care needs over an extended period of time. You may need long-term care if you develop a prolonged or chronic illness, or sustain a serious injury or disability. Longterm care may also be needed if you develop a cognitive impairment that causes memory loss or disorientation, such as Alzheimer’s, or even if you just need assistance due to the normal frailties of aging