All are important components of an estate plan, each with a different purpose. A will outlines how your property and assets should be distributed after death. A living will may sound similar, but it actually specifies the medical treatment you do or do not want to receive if you’re terminally ill or incapacitated. A power of attorney gives another person the legal authority to make decisions on your behalf about your finances, property, or medical care. Connect with an agent to learn more about the elements of an estate plan.