Everyone should have an incapacity plan in place. If you are ready to take action, contact an estate planning attorney in your area to set up an appointment.
When you think about the process of estate planning, financial matters are probably going to come to your mind. Without question, you do facilitate postmortem asset transfers when you plan your estate. There are various different ways of going about it, and the optimal course of action will depend upon the circumstances.
At the same time, people often experience a period of decline before they pass away, so your estate plan should also address end-of-life issues.
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Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
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