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
- Durable Power of AttorneyA power of attorney that stays in effect even if you become incapacitated and unable to make decisions.
- 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.
- WillA legal document that spells out who gets your property and who cares for your children after you die.
- Living WillA written statement of the medical treatments you do or do not want if you are terminally ill or unconscious.
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Plain-English education — not personalized legal, tax, or investment advice.