Living Will – The Importance of Having Both a Standard Will and a Living Will

The executor of an estate is the designated person whose name is specified in the final will of deceased, and he/she will be granted the power of administering the will, ensuring that their final wishes are well respected. An executor of the estate is usually one of the more trusted individuals in a person’s life, and be specifically designated in the legal forms of will. The person will be in charge of their estate when they die. An executor of the estate has many obligations when their friend passes, and the job is not easy in the least. The duties are longer than you can imagine, but the basic duties of an executor of the estate are listed here:

One of the major jobs of the executor of the estate is to manage the assets of the deceased. They are also responsible to see that any unpaid debts are taken care of before issuing any of the assets to the family. Taxes are also a major responsibility for the executor of the estate. This process begins with what is called probate.

This is a way for the will to be legalized. The court will ensure that the will was validly put together, and then grant the executor of the estate the power to enforce the will.

In a living will, an individual completes a form stating what actions they wish health care professionals to take in the event of a medical crisis. An excellent example of this is an individual who becomes vegetative or comatose as a result of a car crash and the brain is either not functioning or functioning only minimally. Would that person desire to continue living if he or she is completely dependent on machines for all life-related functions? If a person is without a living will, the person’s next of kin would have to make these difficult health care decisions.

If you are thinking about writing your own will, there is a wealth of information available and the process does not need to be overly complicated if you have a good understanding of what’s involved.

The fruit metaphor used earlier probably makes much more sense to you now. Although a living will and a regular will have some similarities, they also have certain differences. Both are very important parts of your life. Each of these will act to help promote your best interests if there is an accident or if you die. It’s best to have your attorney help you with preparing both a standard will and a living will

Resource Author Francisco Rodriguez Higueras
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Published by: roymcmullen on December 11th, 2009 | Filed under Legal: Living Will



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