You are helping your parents plan for their retirement years. Please explain to them what the difference is among a living will, a healthcare proxy, and a durable power of attorney.

What will be an ideal response?


A living will establishes your parents' wishes for medical decisions, such as desired quality of life, resuscitation, and types of end-of-life treatments that they do or do not wish to receive. A healthcare proxy gives you the legal authority to make healthcare decisions on your parents' behalves. Navigating the paperwork from doctors, hospitals, and insurance companies can be overwhelming. Having the ability to make some of the healthcare decisions and to sign for your parents can greatly reduce the stress and streamline the paperwork burden that results from a doctor or hospital visit. A durable power of attorney gives you the same decision-making authority for all your parents' financial affairs, as a healthcare proxy does for healthcare decisions.

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