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Living Will and Trust Template - What's the Difference Between a Living Trust and a Will?

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Many people don’t want to think about dying, and unfortunately this often causes families to struggle when they have to make difficult decisions about their important matters. These include matters related to healthcare, finances, and legal documents. For this write-up, we will look at advance directive documents which have to be executed in your life to make sure that the desired healthcare is administered if you are incapacitated.

Advance directives are very important tools to have since even the healthiest individual could become incapacitated after a sudden accident. They are also good to have if you are struggling with a life-threatening illness because wishes could be expressed clearly in writing. Before filling out any form or document for this purpose, you should know that there are different types of advance directives.

Living Will

This will be the first document to create if you want to ensure that your loved ones honor your medical wishes. You can complete the manual form to outline your preferences for certain types of life-sustaining treatments; how you want to be cared for in emergency situation or if you are incapacitated, as well as your wishes for end of life medications, resuscitation, and quality of life. It is not possible for you to account for all possibilities, so you should choose someone as your durable health care power of attorney.

You can find different template options online for power of attorney, so you’ll be able to find the right one to use when appointing someone to act as a trusted agent who speaks on your behalf. If you are looking to appoint one individual to handle specific healthcare, financial, and legal responsibilities, then you can opt for a durable power of attorney. Just ensure that you are only appointing someone who can trust completely to carry out your desired wishes. Bear in mind that the power of attorney and the living will is combined as one advance directive document in most states.

There is also a living trust form that you can use to prepare your estate. This is something that you would establish in your lifetime to put your property and assets in a trust. Living will and trust forms are also readily available.

A revocable living trust tool is commonly used in estate planning and it can help you to determine who gets your property after you pass away. You can find a sample of revocable living trust online.

Last but not least, there is a living will registry available and it has been used to store advance directives for many years. The registry stores these documents electronically and they are available twenty-fours to healthcare providers and hospitals. In addition to that, each registrant can have a personal account online and the information is available to them for viewing, downloading, emailing or faxing. You could also use your smartphone to access living wills online.