Drafting a living will might not be high on your to-do list but maybe it should be.
A living will applies only to your end-of-life medical care wishes.
Living wills are also called advance directives, especially when theyre paired with a durable power of attorney.
Trying to get your affairs in order? Here are fiveestate planningmoves you can make for under $100.
you could draft these documents for free in less than an hour.
Well show you how.
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Without one, your doctors will rely on your closest family members to make medical decisions on your behalf.
Did you know?
Thats why the next step naming a durable power of attorney is so important.
For example, you might go in for a routine surgery but remain unconscious after the procedure.
The doctor will propose a few options for the next operation.
Your health care proxy, under the medical power of attorney, will make the choice, Choi explained.
In some states, a living will and durable power of attorney are outlined in the same document.
Write Your Living Will
You dont need to hire an attorney to make a valid living will.
Here are a few options to create a free living will.
Staff members can usually assist you with the process, too.
Clickhereto find your states website.
DoYourOwnWill:This website provides various estate planning documents, including living wills.
you might create and revise your legal documents onDoYourOwnWill.comfor free.
FreeWill:This website offers instructions on how to make a living will for free in minutes.
check that to review the living will and its instructions carefully before signing.
Anyone who is likely to be involved in your health care should have a copy.
Its also important to discuss your end-of-life wishes with your family.
Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder.
She focuses on retirement, investing, taxes and life insurance.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
