Living Will Lawyers Simplify Estate Planning - Cabot Wealth Network

Living Will Lawyers Simplify Estate Planning

Working with living will lawyers can help you make a difficult process easier, while keeping the peace with family and medical professionals.

books stacked on living will attorneys' desk

Most people know a will as something that dictates who gets your belongings. A living will is different. The real point of a living will is to ensure that you don’t lose control of your right to make individual decisions for yourself. These decisions include things like how you would like to be taken care of as you age. Living will lawyers, especially those that focus on elder law, can be indispensable for this.

When it comes to estate planning, you may feel you can leave these decisions to family members, but there’s no telling whether they will act in a way you’d prefer if you don’t communicate with them. Furthermore, even if you share your preferences with them, it’s easy for people to convince themselves to take a different action when emotions are high.

If you want to make sure you can dictate decisions that you should have control over, living will lawyers can help you make a living will. This is relevant for adults of all ages, no matter how young.

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Recognizing if a living will is right for your life situation

A living will is almost always applicable because there is still something that could happen to put your life in danger or leave you incapable of making decisions. With that said, there are, of course, some points in time where they become more important than others.

Typically speaking, younger people have less to deal with and fewer people involved in their life. In that case, there may not be a great deal to include in a living will. Plus, spending the money to work with living will lawyers may not be worth your time.

On the other hand, it can always be valuable to your family members to articulate your preferences through a living will so they don’t have to make a tough decisions later. If they are in that position, it could result in financial strain or disagreements within the family. 

Know the benefits of working with living will lawyers

Working with living will lawyers gives you a great deal of control in a situation where you would otherwise have none. A living will can provide benefits such as:

  • Refusing undesired treatment
  • Authorizing treatments you would like
  • Making decisions easier for your family
  • Preventing financial burdens for your family members
  • Avoiding family disagreements by making your wishes clear

The truth is, there could always be some disagreements within the family about how medical situations will transpire since it is such a high-emotion situation. Still, if you create a living will, there is nothing the family can do but accept your decisions. This releases any single individual from the burden of having to make a difficult choice.

If you want to appoint a single person to make the choices for you depending on the situation, you could dictate those wishes. You will definitely want to communicate clearly with the decision-maker you decide upon, as it could create some tension if this situation blindsides them.

Do you think a living will could be helpful for you? What medical decisions do you have strong feelings about?

Nancy Zambell

Learn from Expert Analyst Nancy Zambell

Nancy Zambell has spent 30 years educating and helping individual investors navigate the minefields of the financial industry. As a lecturer and educator, Nancy has led seminars for individual investors at the National Association of Investors, Investment Expo and the Money Show. She has also taught finance, economics and banking at the college level, and has been quoted extensively in The Wall Street Journal, Investor’s Business Daily, USA Today, and BusinessWeek. Now let her give you the tools and resources, including a monthly magazine, for gaining the peace-of-mind to live comfortably now and in retirement in her Cabot Money Club.

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