A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Power of AttorneyA document that lets someone you name make financial or legal decisions on your behalf if you cannot.
- Healthcare DirectiveA document stating your medical wishes and who should decide your care if you cannot speak for yourself.
- ConservatorshipA court arrangement giving someone authority to manage the affairs of an adult who cannot manage their own.
- Healthcare ProxyThe person you appoint to make medical decisions for you when you are unable to make them yourself.
- Living WillA written statement of the medical treatments you do or do not want if you are terminally ill or unconscious.
- Advance DirectiveA broad term for legal documents that record your medical wishes and name someone to carry them out.
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Plain-English education — not personalized legal, tax, or investment advice.