Planning for Incapacity as an Integral Part of Your Broader Estate Plan.
It is difficult to think about, but critical to address, estate planning, is something that all Americans need to do to protect their loved ones. Increasingly omitted from the process, more and more people neglect to plan for their possible incapacity when preparing their last will and testament. As part of your broader estate plan, incapacity planning is vital component that must be covered. By our vary nature it is difficult to imagine that at some point in the future we may be incapacitated through sickness, injury, or old and may longer be able to make decision for ourselves about our medical care and financial affairs.
Often people assume that when such a situation occurs their loved ones will automatically be able to take over and to make decisions on their behalf. However, most of the time, this is not the case. Unfortunately in order to do so, your loved ones will be forced to go to Court in a sometimes lengthy process to petition the Court for an order permitting them to make decisions on your behalf. . Such a petition can be the start of a lengthy and costly procedure. With an incapacity plan already in place, the time and expense of the court procedure is avoided. You incapacity plan will set forth your precise wishes and instructions concerning your finances, health care or end-of-life requests. Your family members will not be required to determine what you would have wanted. Your incapacity plan goes into effect as a legal document and can include such tools as a living will, durable power of attorney for health care, and durable financial power of attorney.
Antonoplos & Associates serves clients throughout the DC, Maryland and Virginia region from our centrally located office in downtown Washington, DC. Please feel free to contact our offices to speak with one of our attorneys. We accept all major credit cards, and payment plans are available for established clients. Please contact us today Phone (202)-803-5676 or email Peter@AntonLegal.com or find us on the web at www.AntonLegal.com