Keep in mind that your incapacity plan must be created well before you become incapacitated. You must be able to clearly express your wishes and consent for these planning documents to be valid.
We can tell you one estate planning tool that’s worthless when it comes to your incapacity—a will. A will only goes into effect upon your death, and then it merely governs how your assets should be distributed, so having a will does nothing to keep your family out of court and out of a conflict in the event of your incapacity.
When creating your incapacity plan, your best bet is to put in place an array of different planning tools rather than a single document.
If you’ve yet to plan for incapacity, schedule a Family Wealth Planning Session™ right away, I can advise you about the most suitable estate planning vehicles to put in place. And if you already have an incapacity plan prepared—even one created by another lawyer—we can review it to make sure it’s been properly set up, maintained, and updated.
Contact me today to get started. https://bit.ly/3uvOUWN
