Whats the difference between a will and a living will?
A “Living Will” is a directive which tells your family members and loved ones that you do not wish to be kept alive by artificial means in the event you develop a terminal condition. By contrast, a “Will” is a testamentary document that instructs how your property will be distributed at the time of your death. Many persons tend to confuse the two terms because they sound so alike. Each document is different however, and plays a very important part in your estate plan.
A will deals with the distribution of your property after you die, and provides for guardianship of your minor children. A living will gives directions to a person you designate regarding your medical treatment if you’re unable to make decisions for yourself. In Michigan, the form you sign is called a Designation of Patient Advocate. Another term is Durable Power of Attorney for Health Care.
