You probably have heard of a last will and testament, which is a document that allows you to decide who will receive your money, land, and other property after you die. However, there also is a legal record called a living will, which has a different but critical purpose. Each helps you prepare for unforeseen events in distinct ways.

The Purpose of a Living Will

People can suffer from strokes, comas, and other medical conditions that leave them unable to voice their wishes regarding their health care. When someone is incapacitated, a living will ensures their care is carried out as they desire. For instance, a living will lets family members and doctors know whether someone wants medical personnel to resuscitate them if they go into cardiac arrest. It states a person’s preferences for treatments like ventilator support and other life-sustaining procedures. It also states who has power of attorney when a patient can’t make decisions and authorizes consent for an autopsy or organ donation.

The Purpose of a Last Will & Testament

A last will and testament states how a decedent’s assets should be distributed, whether it’s to family members, friends, or charitable organizations. It also can determine guardianship for minor children and create a trust on their behalf. The document will name an executor who is responsible for settling the decedent’s financial matters and overseeing the transfer of property to beneficiaries. If you fail to create a last will and testament, it will be left to the state court to determine what happens to your children and property.

To ensure your wishes will be carried out in the event of an unforeseen event, consult experienced estate planning attorneys to draft the necessary documents. Swartz Law Office in Batavia, OH, helps clients create wills and trusts and performs other essential legal services. Visit their website for more information about the law firm and call (513) 732-0900 to schedule a complimentary consultation with a lawyer. Follow them on Twitter for more legal tips from their team.