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A Living Will is a legal document that outlines your preferences for medical treatment and care in the event that you become unable to communicate your wishes due to illness or incapacitation. It allows you to specify the types of life-sustaining treatments you do or do not want, such as mechanical ventilation, tube feeding, resuscitation, or other interventions.
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A Testamentary Trust Will is a legal document that creates a trust upon the death of the testator (the person who made the will). Unlike living trusts, which are established during a person’s lifetime, a testamentary trust only comes into effect after the will has been probated.
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A Pour-Over Will is a specialized type of last will and testament designed to work in conjunction with a revocable living trust. Its primary purpose is to ensure that any assets not already transferred to the living trust during the testator’s lifetime "pour over" into the trust upon their death.
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A Simple Will is a straightforward legal document that outlines how you want your assets and property distributed after your death. It allows you to name an executor, designate beneficiaries, and specify guardianship for minor children if applicable.
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A Joint Will is a single legal document executed by two individuals, typically spouses, who agree to combine their testamentary wishes into one will. This type of will outlines how both parties want their combined estate distributed upon their deaths. Unlike individual wills, a joint will often contains mutual agreements, such as leaving assets to each other during their lifetimes and specifying beneficiaries after both have passed.
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A Deathbed Will, also known as a nuncupative will, is a last-minute testament made by a person who believes their death is imminent. This type of will is often created without the usual formalities, such as being written or witnessed, due to urgent circumstances.
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An Online Will is a legal document created and stored electronically that outlines how a person’s assets and affairs should be handled after their death. It serves the same purpose as a traditional handwritten or typed will but is drafted, signed, and sometimes notarized through digital platforms.
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A Holographic Will is a handwritten and signed will, created entirely in the testator’s own handwriting, without the need for witnesses. It allows individuals to express their final wishes regarding the distribution of their estate in a simple and straightforward manner.
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A Nuncupative Will is an oral will declared by a testator in the presence of witnesses, typically during moments of imminent danger or last illness when writing the will is impractical. Unlike written wills, nuncupative wills rely on spoken words to express the testator’s final wishes regarding the distribution of their estate.