Living Will Vs. Living Trust | Estate Lawyer Raleigh NC
While discussing Living Wills in our last post, it occurred to our estate lawyers in Raleigh NC that many people confuse a Living Will with a Living Trust. While they might sound similar, they are, in fact, very different. They serve two completely different purposes.
Today, we are going to discuss the difference between the two. If you feel that you need to speak with our estate lawyers in Raleigh NC during any point during this article, feel free to contact Klish and Eldreth, PLLC.
Living Will | Estate Lawyers Raleigh NC
Writing down your final wishes regarding medical procedures you do or don’t want, in the event of any of the following issues:
Terminal illness issue
Trauma that leaves you unable to speak or think for yourself,
Trauma that leaves you unable to recover
Basically, a Living Will is designed to make sure an individual is able to answer any type of questions that deal with life ending situations and whether or not they want to endure life sustaining procedures, in the event that they become critically incapacitated.
For more information about Living Wills, visit back to our previous blog posts, below:
Living Trust | Estate Lawyer Raleigh NC
Alternatively, a Living Trust is a legal document formed by an individual, to hold and own all assets, so that when the time comes, those assets can be invested or spent for the benefit of the named beneficiary.
Our estate lawyers in Raleigh NC understands that these things might still be confusing for you. It’s important that you understand the difference in the two, and make sure that you have incorporated a Living Will and Living Trust into your current estate plan. Visit back with our estate lawyers in Raleigh NC, next blog post, to further discuss the difference in these two important documents.
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also contact us to schedule a consultation if you have yet to start estate planning. It’s never too early to make plans for your wishes upon death. In addition, our lawyer in Raleigh NC is here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.