For many, estate planning is gradually becoming less and less of a priority, which wastes a lifetime of hard work. While organizing your finances and estate, remember to confirm that you have a living will in place. According to a 2020 survey conducted by Caring.com, only 6% of Americans have a living will. If you are one of the 94% that does not, then read below to learn why you should, regardless of your age, health or lifestyle.
What is a living will?
A will dictates what happens upon your death. A living will, however, is a legal healthcare directive. It decides what happens if you were to be put on life support or otherwise become medically incapacitated and incapable of making important decisions. It is essential to not confuse a living will with a living trust.
What does a living will include?
At its most basic level, you, through your living will, dictate your wishes if you were to become incapacitated. It directs your loved ones and medical professionals to act as you direct in your living will. At its most complex, you can choose which healthcare decisions you would prefer, such as life-sustaining treatment (food and water through an IV tube when you cannot chew or swallow, drugs, machines or other treatments that will prolong your life even though you will never recover), and whether you want your organs donated.
How do I make a living will?
The most important thing in making a living will is to have the document notarized and/or witnessed by at least two people. Otherwise, it is not effective. Do not put off having a living will drafted and executed, because you never know when you might need it. Consult the Law Office of Jeffrey R. Sport for advice on making a living will that is compliant with Alabama law. This will benefit both you and your family if ever needed unexpectedly.
Regardless of your chances of suffering a life-endangering accident or other circumstances of incapacitation, we at the Law Office of Jeffrey R. Sport highly recommend that you begin the process of creating a living will. Life is full of unexpected surprises, both good and bad. Don’t be caught off guard if the worst were to happen.
Jeffrey R. Sport’s specializations include wills, estates and family law. Reach out to the office today by emailing info@sportlaw.us or calling (251) 308-1001. Visit our website at https://www.sportlaw.us/.
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