Most people know a little bit about wills. In the media, the will is what helps a family know who gets what assets and how the deceased wishes to be buried. However, these types of wills are not the only reason why estate planning is important.
Although divvying up possessions and your burial plans are certainly an important part of your estate plan, a living will is also an essential part of an estate plan. Living wills help to decide things like guardianship of children should you become unable to care for them, medical decisions, and even current monetary issues.
Here’s why setting up a living will is so important no matter what age you are or what your situation in life. Continue reading “What You Need to Know About Living Wills”