Durable Power of Attorney for Assets:
This is a legal document that appoints a person you trust to handle your financial matters if you are incapacitated. If you don’t have a Durable Power of Attorney for Assets a court will appoint one for you.
Durable Powers of Attorney for Healthcare:
This is a document that lets you name someone else to make decisions about your health care in case you are unable to make those decisions yourself. It gives that person instructions about the kinds of medical treatment you want.
Advance Directive:
This legal document allows you to spell out your decisions about end-of-life care ahead of time. It gives you a way to tell your wishes to family, friends, and health care professionals and to avoid confusion later.
Living Will:
This is a written statement detailing a person’s desires regarding their medical treatment in circumstances in which they are no longer able to express informed consent.
A major difference between a will and a living will is the time they take effect. A will has no legal impact until after your death at which time it must be filed with a probate court. A living will, on the other hand, takes effect while you are still alive but unable to make decisions.
The Living Trust Source by InSource Law LLC believes any professionally prepared living trust package should include Durable Power of Attorney for Assets, Durable Powers of Attorney for Health Care or Advance Directive, Living Will.
If your shopping for a living trust, ask what is included for the price.
Kevin Walsh
Lead Attorney & Owner
