In the event that you are no longer able to make decisions for yourself, a traditional will may not be enough to ensure your wishes are carried out. A living will is a document that lays out your desires for medical treatment in the event you cannot speak for yourself. Creating both a traditional will and living will can help ensure your wishes are honored if something happens to you. There are some key differences between these two types of documents, so let’s take a closer look.
What is Traditional Will?
Traditional will is a will that is created in order to pass on property and possessions to loved ones after an individual dies. In order to create a traditional will, the individual must be at least 18 years old and of sound mind. The will must be witnessed by two people who are not beneficiaries of the will. Traditional wills are different from living trusts, which are created during an individual’s lifetime. Traditional wills are also different from pour-over wills, which are created in order to add property to a living trust after the individual’s death. Traditional wills are the most common type of will. They are simple to create and do not require the assistance of an attorney. However, it is always advisable to consult with an attorney in order to ensure that the will is properly executed and that all legal requirements are met.
What is Living Will?
Living Wills are legal documents that allow individuals to state their wishes for end-of-life medical care, in the event that they are unable to communicate their decisions. Living Wills typically address issues such as artificial life support, pain management, and organ donation. While Living Wills are not binding on medical providers, they can be an important tool for ensuring that an individual’s end-of-life preferences are respected. Living Wills can also help to avoid conflict among family members who may have differing views on the appropriate course of treatment. For these reasons, it is important to carefully consider one’s wishes and to create a Living Will with the assistance of a qualified attorney.
Difference between Traditional Will and Living Will
Traditional will and living will both aredocument for expressing our wishes about future medical treatment, if we become unable to communicate those wishes ourselves. Traditional will is a document specifying how we want our property distributed after our death. While, living will is a document specifying the kind of medical treatment we do or do not want to receive if we become unable to communicate those wishes ourselves. Traditional will takes effect after our death while living will becomes effective only when we are no longer able to make decisions for ourselves.
Also, traditional will can be changed or revoke at any time but changes in living will can only be made when we are still competent and able to communicate our decisions. In short, traditional will is about property distribution and living will is about medical decisions. Traditional wills and living wills serve different functions and it’s important to understand the difference between the two before making any decisions about which one is right for you.
The two documents have different purposes, and it is important to understand the difference before deciding which document is right for you. A traditional will dictates how your property should be distributed after you die, while a living will specifies the medical treatments you do or do not want carried out if you are unable to make decisions for yourself.