What is the main purpose of a living will?

Prepare for the Edmentum Personal Finance Exam with flashcards and multiple-choice questions. Gain insights with explanations and hints for each question. Get ready for your test!

The main purpose of a living will is to outline medical treatment preferences. A living will is a legal document that allows individuals to express their wishes regarding medical care and interventions they want or do not want in the event they become unable to communicate their decisions due to illness or incapacitation. This could involve preferences about life-sustaining treatments, resuscitation efforts, and palliative care measures. By detailing these preferences, individuals can ensure that their healthcare aligns with their values and desires, sparing family members from making difficult decisions during emotionally challenging times.

The other options serve different purposes. Determining beneficiaries relates to estate planning and the distribution of assets after death, while specifying funeral arrangements and listing estate assets also pertain to what happens after a person passes away. In contrast, the living will focuses solely on medical decisions made during a person's life.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy