When you create an incapacity plan you get to address these types of questions by appointing an agent under a durable financial power of attorney. A power of attorney is a document in which you can name an individual who will receive the legal ability to make decisions for you should you become incapacitated. The person you appoint will become known as your agent, or attorney in fact, and will be able to look after your affairs when you can no longer do so.
Topics covered in this report include:
- Financial Decisions
- Medical Decisions
- Develop an Incapacity Plan Today
- Shrunken Asset Values Open Estate Planning Opportunities - April 9, 2020
- Living Trusts and Incapacity Planning - March 31, 2020
- Estate Planning and Charitable Giving — Key Points - March 29, 2020