Providing For Incapacity: A Critical Step In Estate Planning
No one ever plans to become disabled. Although everyone realizes that life will end someday, few of us consider the possibility that we will spend a significant portion of our lives unable to fully care for ourselves. Very often, life gets in the way and bad things happen to ordinary people. Disability doesn’t just happen to the elderly or those who pursue risky and dangerous hobbies. Motor vehicle accidents, work-related injuries and otherwise common illnesses render many individuals disabled or “incapacitated” every year.
Incapacity planning must be a part of every comprehensive estate plan. Proper planning will allow you to legally designate individuals who can make decisions for your care and empower them to manage your property if you are unable to do so for yourself. As a part of estate planning, there will be sophisticated legal documents involved, but dedicated and experienced legal counsel will help you understand your options and prepare a plan that is tailored to your needs.