Living will
No one wants to think much about it, but there may come a time in your life when you are no longer be able to manage your own affairs. For example, due to illness such as dementia, or after an accident. When suddenly major changes take place in your life, it is reassuring to know in advance how and in what way to act. This is possible with a living will. By having a living will drawn up in advance, you decide which person you trust and who can make decisions for you in medical, financial and personal field. This prevents a lot of arguments and uncertainty in your family.
Difference Between Living Will and Will
A living will differs from a will. A living will contains arrangements that can be made for while you are alive and no longer mentally competent. In a will you capture the arrangements you want to have done after your death. These can be your funeral wishes, but also who the heirs are and what should be done with your estate.
For both a living will and a will, if you record your wishes in time, no ambiguities will be left behind. This gives both you and your loved ones peace of mind.
Prevent financial exploitation
By recording your wishes and your confidant adviser in time, you prevent financial abuse at the time you are no longer able to manage your own affairs. You can determine that an independent person or body monitors and verifies that no expenses incurre above a certain amount. For example, Partiar can act as a supervisor. You can also determine whether the confidant advisor must account for the expenses incurred. In short, you decide the level of supervision.
Prevent financial exploitation
By recording your wishes and your confidant adviser in time, you prevent financial abuse at the time you are no longer able to manage your own affairs. You can determine that an independent person or body monitors and verifies that no expenses incurre above a certain amount. For example, Partiar can act as a supervisor. You can also determine whether the confidant advisor must account for the expenses incurred. In short, you decide the level of supervision.
Who gets to decide for you?
In your living will you give a power of attorney to one or more people you trust. Perhaps you already have someone in mind for this, for example a family member or a close friend. But it is also quite conceivable that you cannot or do not want to burden anyone in your immediate vicinity with this task. Partiar likes to think along with you about how you can best arrange this.
Margaret Westra
Request a free consultation
Do you have questions about a living will? Our colleague Margriet Westra is happy to think along with you. The consultation is always completely without obligation and free of charge. This conversation can take place at our office or at your home, anywhere in the Netherlands.