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Home / Estate Planning / Understanding Incapacity Planning, Part 2

Understanding Incapacity Planning, Part 2

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If you have yet to begin your incapacity planning, now is the time to do so.  Don’t allow your fears, uncertainty, or busy lifestyle, keep you from planning.  Without incapacity planning in place, you will have no control; the court will take charge.   Please take a look at answers to the following frequently asked questions, to better understand this planning technique.  If you have any questions, or if you’d like to begin your incapacity planning, contact an estate planning attorney.

Why do I need to consider power of attorney documents?

These estate planning documents allow you to have control, even during incapacity.  You will have medical and financial needs, and if you don’t plan properly, your needs may not be met in the manner you would want.  Additionally, without legal authorization to act on your behalf, your loved ones may have to go to court in order to get the approval needed to assist you.

How does a medical power of attorney document work?
You will appoint a health care agent, and back-up agent, in your medical power of attorney.  He or she will have the authority to help with your medical needs during incapacity.  This includes communicating with medical staff members, making important medical decisions, and ensuring that you get the best medical care possible.  It’s important to have an advocate by your side during a medical emergency

How does a financial power of attorney document work?

You will use this document to appoint an agent.  He or she will have the authority needed to make financial decisions on your behalf, during incapacity.  Your agent will also have access to your finances and will be in charge of managing your financial assets and paying your bills, allowing you to always have your financial affairs under control.

Don’t forget your incapacity planning needs. Make sure that you have as much control as possible over your future!  If you’re ready to begin your incapacity planning, consult with a qualified estate planning attorney.

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