At What Age Do I Need a Living Will?

by | Sep. 21, 2009

Finances

Dear Dave,

My husband and I have been married for three years. I'm 25 and he's 29. We have no children yet, but we're trying to put our financial lives in order. At what age do you recommend getting a living will?

Denise

Dear Denise,

Every adult needs a last will and testament and a living will. They are not the same thing. A traditional will contains instructions for the disposal of your estate. In other words, it tells who gets what after you die.

A living will is sometimes called "the Terri Schiavo document." If you end up in a situation where you are unable to speak for yourself, such as a coma or a vegetative state, a living will dictates whether or not you want doctors to keep you alive using artificial means. This is not the kind of decision you want left to a doctor, family members, or a court!

- Dave

* For more great financial advice please visit daveramsey.com.

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