economics: section 11.6

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Last updated 1:50 AM on 11/21/25
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4 Terms

1
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will

how an estate is to be divided among people or organizations

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living will

directs a health care professional what to do should a person become incapacitated

3
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health care power of attorney 

makes health care decisions for an individual if the person becomes incapacitated and is not able to make a decision for themselves

4
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financial power of attorney 

gives someone else the right to make financial decisions for a person and control his finances when he can’t for himself