{"id":14298,"date":"2019-06-03T14:26:26","date_gmt":"2019-06-03T18:26:26","guid":{"rendered":"https:\/\/berwitz-ditata.com\/?page_id=14298"},"modified":"2019-06-03T14:26:26","modified_gmt":"2019-06-03T18:26:26","slug":"mistakes-misconceptions-will-living-will-living-trust","status":"publish","type":"page","link":"https:\/\/berwitz-ditata.com\/articles-and-news-2\/mistakes-misconceptions-will-living-will-living-trust\/","title":{"rendered":"MISTAKES AND MISCONCEPTIONS: WILL, LIVING WILL, OR LIVING TRUST"},"content":{"rendered":"<style type=\"text\/css\"><\/style><p>&nbsp;<\/p>\n<p>Estate planning, whether simple or complex, requires careful attention to details which, if overlooked or misunderstood can undermine the plan\u2019s effectiveness. We will devote space in each issue to highlight common estate planning mistakes and misconceptions.<\/p>\n<p>&nbsp;<\/p>\n<p>People often confuse the terms \u201cWill,\u201d \u201cLiving Will\u201d and \u201cLiving Trust.\u201d A Will, also known as a \u201cLast Will and Testament,\u201d is a legal document which directs the disposition of one\u2019s property <strong>after death<\/strong> to named persons or entities. A \u201cLiving Will\u201d is a written expression of one\u2019s intentions about health\/medical care and end-of-life decisions, including whether to receive or refuse lifeprolonging treatment when one is incapable of communicating one\u2019s wishes either as a result of illness, accident or incapacity. The \u201cLiving Will\u201d is sometimes also confused with a \u201cHealth Care Proxy\u201d by which one can designate an agent to make health, medical and end-of-life decisions. A \u201cLiving Trust\u201d is an entity created during an individual\u2019s lifetime which is frequently utilized in estate planning to provide for the management of trust assets both during the creator\u2019s lifetime and after death. It can be an extremely flexible estate planning tool and can serve to distribute assets after the creator\u2019s death, much like a Will.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Estate planning, whether simple or complex, requires careful attention to details which, if overlooked or misunderstood can undermine the plan\u2019s effectiveness. We will devote space in each issue to highlight common estate planning mistakes and misconceptions. &nbsp; People often confuse the terms \u201cWill,\u201d \u201cLiving Will\u201d and \u201cLiving Trust.\u201d A Will, also known as a&#8230;<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":12338,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-14298","page","type-page","status-publish","hentry"],"featured_image_src":null,"featured_image_src_square":null,"_links":{"self":[{"href":"https:\/\/berwitz-ditata.com\/wp-json\/wp\/v2\/pages\/14298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/berwitz-ditata.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/berwitz-ditata.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/berwitz-ditata.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/berwitz-ditata.com\/wp-json\/wp\/v2\/comments?post=14298"}],"version-history":[{"count":0,"href":"https:\/\/berwitz-ditata.com\/wp-json\/wp\/v2\/pages\/14298\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/berwitz-ditata.com\/wp-json\/wp\/v2\/pages\/12338"}],"wp:attachment":[{"href":"https:\/\/berwitz-ditata.com\/wp-json\/wp\/v2\/media?parent=14298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}