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  2. Advance healthcare directive - Wikipedia

    en.wikipedia.org/wiki/Advance_healthcare_directive

    v. t. e. An advance healthcare directive, also known as living will, personal directive, advance directive, medical directive or advance decision, is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity. In the U.S ...

  3. Five Wishes - Wikipedia

    en.wikipedia.org/wiki/Five_Wishes

    The Five Wishes. Wishes 1 and 2 are both legal documents. Once signed, they meet the legal requirements for an advance directive in the states listed below. Wishes 3, 4, and 5 are unique to Five Wishes, in that they address matters of comfort care, spirituality, forgiveness, and final wishes. Wish 1: "The Person I Want to Make Care Decisions ...

  4. Estate planning - Wikipedia

    en.wikipedia.org/wiki/Estate_planning

    v. t. e. Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity, and may include minimizing gift, estate, and generation-skipping ...

  5. Regulators find weakness in 'living wills' from BofA, Citi ...

    www.aol.com/finance/regulators-weakness-living...

    Living wills emerged in the aftermath of the 2008 financial crisis, when a housing meltdown and the unraveling of Lehman Brothers triggered chaos across the financial system, taxpayer bailouts for ...

  6. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    Trust (law) For the monopolistic business, see Trust (business). For other uses of the word "trust", see Trust (disambiguation). A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. In the English common law, the party who ...

  7. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    t. e. United States trust law is the body of law that regulates the legal instrument for holding wealth known as a trust. Most of the law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first ...