Wills & Estates

Difference Between A Will And A Living Will

Understanding Wills and Living Wills

A Last Will and Testament, commonly known as a Will, is a legal document that outlines how a person’s assets andestate should be distributed after their death. On the other hand, a Living Will, also known as an Advance CareDirective, is a legal document that specifies a person’s wishes regarding medical treatment in case they areunable to communicate their preferences.

Key Differences

Below are some key differences between a Will and a Living Will:

  • A Will takes effect after a person’s death, while a Living Will takes effect when a person is alive but unableto make decisions.
  • A Will deals with the distribution of assets and appoints executors, while a Living Will addresses medicaltreatment preferences and appoints healthcare proxies.
  • Wills are primarily used for estate planning and probate purposes, while Living Wills focus on end-of-lifemedical care.

Frequently Asked Questions

Wright Street Lawyers can assist you in drafting, reviewing, and executing your Will or Living Will toensure that your wishes are legally binding and properly documented.

It is recommended to review your Will and Living Will periodically, especially after significant lifeevents such as marriage, divorce, birth of children, or acquisition of substantial assets.

Yes, Wright Street Lawyers specialise in probate and estate administration matters, ensuring a smoothtransition of assets according to the deceased’s wishes and legal requirements.

Consult Wright Street Lawyers for client-focused Legal Guidance

If you need assistance in creating a Will or a Living Will, or require client-focused advice on estate planning andprobate matters, contact Wright Street Lawyers in Adelaide, South Australia. Our experienced legal team is here tohelp you navigate the complexities of Australian law with professionalism and care.

Give us a call at (08) 1234 5678 or email info@wrightstreetlawyers.com.au to schedule a consultation today.