up:: [[+Home]] # Finances MOC A collection of research on finances and financial planning. ## Real Estate [[Homebuying MOC]] ## Financial Planning ### Insurance [[Term Life Insurance]] | [[Long-Term Disability Insurance]] | [[Umbrella Insurance]] ### Wills and Powers of Attorney A will is for how assets will be distributed upon your death, while a [[Power of Attorney]] allows [someone to make decisions for you if you're incapacitated](https://www.legalzoom.com/articles/what-is-a-power-of-attorney). Chances are this would be Drea, at least for medical power of attorney. ^o97ofj ### Advanced Medical Directives This Is also known as a **living will**. It directs [how you want care to be given to you if you're incapacitated](https://en.wikipedia.org/wiki/Advance_healthcare_directive). This differs from a medical [[Power of Attorney]] in that it explicitly says how you want to be treated, while the Power of Attorney designates someone to act and make decisions on your behalf. Both should be used in conjunction for comprehensive treatment. ^nc5vbw ## Budgeting ### Envelope Method [You Need a Budget](https://youneedabudget.co) ```breadcrumbs type: tree dir: down ```