Being left in the hands of unscrupulous guardians appointed by the court can be the most frightening aspect for you in the event of your potential incapacity, given that you may have a loving and caring family members, but are unable to take care of you. To prevent such from happening, it is crucial that you have a comprehensive plan that states all your wishes and consent to ensure that the individual of your choice takes the immediate legal authority to make decisions on your behalf.
Not having proper planning vehicles in place leaves not just you but your senior loved ones vulnerable to exploitation should they become incapacitated. It is critically important for both you, your senior loved ones and your family who's at the age of 18 to take proactive measures to prevent the possibility of abuse and court-ordered guardianship if you become incapacitated by illness or injury. Learn more here.
Putting a proper Estate Plan in place gives you confidence and peace of mind that your assets will be protected and that your loved ones will be provided and cared for no matter what happens to you. Without one, your heirs could face huge tax burdens, hefty attorney fees, or worse, the courts could designate how your assets are divided and even who gets to raise your children.
A will is an integral part of your estate plan, but it is not enough to protect your wishes in the event of incapacity or death. There’s a common saying among lawyers: “Where there’s a will, there’s a probate.” But having your family end up in court or conflict is no laughing matter. That's why it is important to complete a comprehensive estate plan in addition to the will, including a trust (if needed), advanced health care directive, financial power of attorney, and Kids Protection Plan®.
Each of us is at constant risk of experiencing a devastating accident or disease that may leave us incapable of caring for ourselves & our loved ones. Temporary or not, such may render emotional trauma, or worse, financial loss. This is why incapacity planning is significant to ensure someone can take charge of your legal decisions in case you are incapacitated to keep your family out of court & out of conflict. Consult with an experienced lawyer like us to guide you in this decision making.