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Incapacitation is a potential risk for everyone. It can sometimes happen gradually, such as if someone has a form of dementia and slowly loses the ability to take care of themselves and make their own decisions. But it can also happen suddenly, such as when a person...
When making an estate plan, it is important to address how future medical questions will be answered or how conflicts will be resolved. You cannot necessarily predict the future, but having a medical plan in place can be helpful. For example, perhaps you do not want...
Medical decisions are one of the most important parts of an estate plan. It is about more than just passing on assets. You have to consider that you may become incapacitated in the future. For example, if you have a stroke and cannot make medical decisions, you need...
Powers of Attorney (POAs) are an essential component of estate planning. However, to make the most of these documents, it’s important to understand the different types of POA. The agents named in POAs make decisions on your behalf. These can be financial or they can...
No one wants to think about their own passing, but if you want to have control over your last days, planning for end-of-life care is essential. Regardless of your health status right now, a solid plan can give you peace of mind, protect your last wishes from...
If you’re creating a business succession plan as part of your estate planning process, it’s essential to avoid making assumptions. One of the most critical mistakes business owners make is assuming their adult children want to take over the family business. For...
A power of attorney is a useful legal document to include in your estate plan. It allows you to designate someone else to make decisions on your behalf. These decisions could involve medical care, legal matters or financial affairs, depending on the type of power of...
Some adults realize that they need to make a plan for passing their assets down to their loved ones, but they may not know that they also need to make plans for what will happen if they become incapacitated. Having a plan for your medical care in case you can’t make...
When you’re making your estate plans, it’s crucial to select someone you trust to speak for you if you’re ever unable to speak for yourself – especially when it comes to your medical care. However, it’s equally important to make sure that you don’t assume that your...
If you were in a serious car crash or became critically ill and were in a coma or otherwise unable to communicate with your medical team, who would they turn to for decisions like whether to leave you on life support or remove you, and when? If you’re married, you...
