When it comes to incapacity planning, you are sure to be faced with a variety of questions. How you address these questions will determine the decisions you make and what would happen in the event that you become incapacitated.
With the help of an estate planning attorney, you can be rest assured that you are not overlooking any of the most important details. Before this, however, you may want to answer some questions to ensure that you have a basic understanding of what you are doing.
Here are several incapacity planning questions that deserve your attention:
- Who gets to decide where I live?
- Who will decide what type of medical treatment I receive?
- If I have no chance of recovering from my illness or injury, will I remain on life support?
- Who will pay my bills if I am unable to do so?
- What happens if my investments need adjusted, such as due to an economic downturn?
- Will somebody be responsible for filing my income tax return?
As you can see, incapacity planning deals with a variety of questions. These include those related to your health, money, and personal details.
Note: you can find answers to these questions, among others, by visiting this page of our website.
When you are feeling healthy, it is easy to say that incapacity planning is a waste of time. But remember this: things can change instantly. You never know if you will become ill or be involved in an accident. The decisions you make now will ensure a better future.
If incapacity planning is on your mind, if you don’t know what you are doing, it is time to learn more about the process. This includes answering a variety of questions. We are here to answer your questions, provide assistance, and help you feel better about this part of your estate plan.
- Neither Age Nor Health Determines Whether You Need an Estate Plan - January 19, 2022
- Tax Planning for 2022 - January 12, 2022
- The Questions of Estate Planning, Part 6: Why - January 6, 2020