In the field of estate planning there are many different legal devices that have similar sounding names, and it can be confusing for the layperson to sort it all out. There are living wills, living trusts, and last wills. In this post, we will clear up any misconceptions that may exist and address the definition and purpose of a living will in California. Because a last will is used to state your wishes with regard to the transfer of your financial assets, you may assume that a living will does … [Read more...] about What Is a Living Will in California and Why Do I Need One?
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