A life interest is a legal arrangement that grants someone the right to use or benefit from an asset for the duration of their life. After their death, the asset passes to another person or group, as specified in the deceased person’s Will or trust.
A Substitute Decision Maker is authorised to make decisions about your medical care and treatment when you are unable to communicate or make those decisions yourself.
Estate planning involves organising the distribution of your assets after you pass away, as well as setting out how your financial and medical decisions should be handled if you lose capacity before death.