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State planning attorney Paul Rabalai explains the difference between a living will and a last will in estate planning. While some mistakenly believe they are the same, estate planning involves assessing what is important to you and developing a strategy to protect your assets and loved ones. A last will outlines how your assets are distributed after your death, while a living will specifies your medical wishes in case you are unable to communicate. It is important to understand the distinctions between the two in order to effectively plan for the future.
