Houston Incapacity Planning Attorneys Prepping Clients for the Unexpected
As you progress further and further into your life, you may start thinking about planning for the future more than you have in the past. Planning for the future isn’t an exciting task but it may be a necessary one, especially if you have plenty of loved ones and beneficiaries in your estate. One of the most effective ways you can plan for the future is by putting together a plan that can help you with your end-of-life-care needs. As we grow older, many of us suffer from illness or injury, physical health issues, and mental health issues.
Estate planning is a way to ensure there is a plan put in place to protect yourself and your family in the future. If you or a loved one need assistance in creating a comprehensive incapacity plan for the future, contact us as soon as possible so we can use our legal prowess to help you. We have compassionate estate planning attorneys ready to help you with any of your estate planning needs. Call us today at 713-489-7360 to see how we can help you going forward.
What is Incapacity Planning?
In general, incapacity planning is a plan put into place using legal tools and documents that helps you prepare for a future where you are unable to make decisions on your behalf or become incapacitated. Incapacity planning consists of trusts, powers of attorney, and more to help inform decisions based on your financial affairs, medical care, and personal preference when it comes to your medical care and medical decisions. This can be critical in any situation where you have suddenly become incapacitated or if you believe your mental or physical health is slowly eroding. Trusts, such as a living trust and a revocable living trust can further help you and your loved ones adequately manage the estate’s financial situation and determine the proper medical steps going forward.
Creating a revocable living trust may require you to assign a successor trustee to protect your estate after you pass away. Let our law firm clarify what goes into estate planning and how it can help you and your family better manage your financial affairs, healthcare, and more in the future.
What is a Power of Attorney?
One of the tools you can use to help you if you get to a point where you are unable to make medical decisions about your health care is a power of attorney. Establishing a power of attorney can grant someone of your choosing the ability to make life choices on your behalf. Depending on which power of attorney you set up, your agent can help you with your financial life, make decisions on your healthcare, and more.
A durable power of attorney can manage your financial affairs such as paying property taxes, paying bills, and accessing financial accounts to ensure stability to your estate while you are incapacitated. Being unable to manage your estate can be stressful for everyone involved. Proper estate planning can protect your loved ones in the event you are unable to manage your finances and healthcare decisions anymore. Speak to our law office today to further discuss your estate planning options.
What Happens If I Become Incapacitated?
Without a proper incapacity plan in place, your family may struggle to maintain your estate while you are unable to make decisions. It is often overlooked but handling finances such as paying property tax, bills, and managing financial accounts can be difficult without the legal capacity to do so. An incapacity plan can allow you to give someone else access to make potentially life-saving and productive decisions about your healthcare and other pertinent affairs. Create an estate plan with the help of an estate planning attorney today to ensure your children and other family members are protected.
Is an Incapacity Planning Lawyer Right for Me?
In the event that something bad happens to you, such as a stroke, heart attack, covid, car accident, truck accident, Alzheimer’s, or Dementia, as some examples, having an incapacity plan in place can help your family if you end up being incapacitated. The right plan is tailored specifically for you, to ensure your needs are met. Make sure that you specify your wishes in writing and name the perfect agent to step in to help you if you become incapacitated. Give authority and access to the right person to handle your affairs in the event of your incapacity. You can dictate the terms of your medical treatment in advance in case you are later unable to make your own decisions. Let an estate planning lawyer help you achieve your goals. Reach out to us at 713-489-7360 to talk with an estate planning lawyer learn more about your options.