Incapacity Planning
While Estate Planning allows you to plan for what happens upon your death, Incapacity Planning allows you to plan for what happens during your lifetime when you are unable to act on your own behalf due to medical illness or mental incapacity. Many of us will experience at least a temporary incapacity during our lifetime. Incapacity Planning allows you to name a trusted person to make financial or medical decisions on your behalf. Without any incapacity planning, your family may need to seek a guardianship and/or conservatorship through the court. This process can be lengthy and costly. In addition, the added burden of this process can be difficult for family members to navigate during a crisis situation. Incapacity planning can help minimize the challenges faced by your family during your incapacity.