A Living Will Covers Your Most Important Asset: You

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.1 • 1.7K Ratings

🗓️ 2 December 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

While a final will and testament directs the passing down of your assets after you’ve died, a living will spells out the medical care you want if you’re unable to speak for yourself. WSJ personal-finance reporter Ashlea Ebeling joins host J.R. Whalen to discuss the details you should include. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	SAP Business AI is AI that solves actual business problems, like predicting what your customers want before they know they want it, or making sure there are no weak links in your supply chain.
0:10.3	Revolutionary technology, real world's results. That's SAP Business AI.
0:17.7	Here's your money briefing for Friday, November 29th. I'm J.R. Whalen for the Wall Street Journal.
0:25.8	Having a will ensures that your assets and belongings are passed down according to your wishes after you die.
0:32.3	A living will outlines what kind of care you want if you're unable to speak for yourself.
0:37.0	People feel really strongly about what kind of care they would want if they had an accident or a serious chronic illness.
0:43.2	The living will spells that out. It would say whether you want all means taken to save your life or the other extreme, whether you refuse medical treatment.
0:51.6	We'll talk to Wall Street Journal Journal Personal Finance reporter Ashley Ebling.
0:55.0	After the break.
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1:36.2	slash Wall Street. Oracle.com slash Wall Street. Confusion about end-of-life issues happens often in hospitals.
1:51.0	A living will can remove the ambiguity.
1:54.0	Wall Street Journal, Personal Finance reporter Ashley Aubling joins me.
1:58.0	Ashleya, what is a living will and how does it differ from any other kind of
2:02.6	will that someone would draw up? Well, basic will, your last will and testament covers your assets,
2:08.5	your real estate, your investment, what you want done with that at your death. A living will is a
2:13.5	completely separate document and it covers your health care decision-making what you want
2:20.6	done if you're unable to speak yourself.
2:23.2	If you're in some kind of a medical emergency?
	...

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