What are the different types of wills I should know about?
There are several types of wills, including simple wills, testamentary trusts, living wills, and holographic wills. Would you like to know more about any specific type?
Yes, can you explain what a living will is?
A living will is a legal document that outlines your preferences for medical treatment in case you become unable to communicate your wishes. It typically addresses end-of-life care.
What about a testamentary trust?
A testamentary trust is created through a will and comes into effect after your death. It allows you to manage how your assets are distributed to beneficiaries over time.
Are there any other types of wills I should consider?
Yes, there are also joint wills, pour-over wills, and nuncupative wills. Each serves different purposes depending on your estate planning needs.
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