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The Importance of Incapacity Planning

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Accidents, illnesses, and unexpected events can happen at any time and this is why it’s important to have incapacity planning in place.  Many people neglect to include this type of planning in their estate plan, and then find that they aren’t prepared when they need it most.  If you want to always be in control of your life choices, you need to handle this aspect of planning.  Take a look at the information below to learn more.  If you have any questions about incapacity planning, meet with an estate planning attorney.

  • How would you know that you were receiving the best medical care possible, if you were incapacitated?
  • Who would make sure that your bills are paid?
  • How would you know that your medical wishes were respected?
  • How will you have a say in your future?

These are important questions to consider.  With the use of the right incapacity planning documents, you can have a say in your future and make sure that all of your affairs are handled.

  • With a living will, you can outline your desired end of life medical procedure and treatment wishes.  This includes deciding if you wish to remain on life support, if needed.
  • With a healthcare power of attorney, you can appoint an agent who will be responsible for helping to make important healthcare decisions on your behalf.  Your agent will also make sure that you’re receiving the best care possible.
  • A financial power of attorney will allow you to appoint an agent who will be responsible for managing your financial affairs, if you’re ever unable to.  This includes paying your bills, depositing checks, and paying your taxes on your behalf.
  • All of these planning tools will allow you to be in control.  By planning ahead of time, your wishes will be respected during your time of need.

 

If you have any questions about including incapacity planning in your estate plan, consult with a qualified estate planning attorney.

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