There is more than one type of will that is used in the field of estate planning. Of course there is the last will or last will and testament. With this type of will you state your final wishes regarding how you want your monetary assets transferred to your loved ones after you pass away.
Another type of will that is widely recommended is called a living will. This type of will has nothing to do with the financial side of things. A living will is utilized to express your wishes regarding the implementation of life-sustaining measures in the event of your incapacitation.
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