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What Is a Living Will?

Learn about living wills in this Howcast finance video with expert Gregory McGraime.

Transcript

A living will is a really important estate planning document, that's usually a couple of pages long. And it's a legal document where you basically designate what type of life support care you would want or not want in different situations. And this is, there is no right answer on this, but your making your wishes known. If you don't have a living will, often times that decision will be made by the state government that you live in or the medical provider instead of you. And your wishes maybe very different from what would have happened. Everybody watching this needs to create a basic living will and you can have an attorney do it or you can usually get some online software or some pre-filled out forms at an office store that cover the key decisions that you want to make regarding your wishes. Make sure its your decision on important things likes this so that your family and your loved ones aren't impacted negatively and put in very difficult situations because no one knows what your wishes were.

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