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living will
(redirected from Living Wills)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

living will

Written declaration of a person's wishes regarding medical treatment if in the future he or she should become too ill to communicate. It is in effect an advance refusal of heroic interventions to prolong a life that the patient would consider no longer tolerable. It enables patients whose condition is terminal to die with dignity.



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Despite being different things, wills and living wills are similar in some respects.
The G20 wants all major financial firms to draw up living wills by the end of 2010 and the FSA has already announced that several banks are taking part in a pilot scheme to complete first drafts of living wills in coming weeks.
Bank of England Governor Mervyn King this week also said he favoured separation of activities in living wills to avoid "ever increasingly detailed" oversight of the financial system.
 
 
 
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