An Arizona living will and living trust go hand-in-hand, so if you are interested in getting a living trust you’ll want to talk to me directly about combining that effort with a living will. There are differences and similarities between both legal documents, but they depend on the other to make sure everything runs smoothly after you have departed.
Interested in the difference between a Living Will and a Last Will and Testament? Click here.
What is a Living Will?
A living will is also known as a health care directive. It sets forth all of your wishes regarding end of life care, medical necessities, and those tough decisions regarding life-sustaining care. An Arizona living will is an essential piece of legal documentation when considering your end of life care and possibilities. It is something that you can create at any age, at any moment of your life, and should be taken extremely seriously. From first-time parents to first-time grandparents, adults taking overseas vacations, individuals with life-threatening illnesses, and those looking to retire take time out to sit down with a legal expert to discuss their living wills. In reality, this should be done well before any of that happens.
Self-Proving/Testamentary Will
This type of will is the traditional, most commonly used type of will. It is a formally, legally prepared document created by a legal expert and signed in the presence of a few witnesses.
Holographic Will
These wills are not recommended, as they are not signed in the presence of any witnesses and are rarely held up in court.
Oral Will
These are opposite of Holographic Wills. They are said aloud in front of a witness, or witnesses, but are not recorded on paper. They also are very rarely ever held up in court and therefore are not recommended in the state of Arizona.
Why Do I Need a Trust as Well?
A living will does not assign your assets to a trust, does not assign your assets to a beneficiary, and does not ensure that your family won’t end up in Arizona probate court. A living will includes medical preferences, some property preferences, and childhood care. This is why it’s crucial that you have a living will and a living trust prepared together in order to set up all assets, property, medical and childhood care together.
How Do I Get A Will?
Talk to us immediately. Have questions? Don’t understand the difference between a will and trust? We have the answers for you.