Although often overlooked, planning for times where you may be lacking mental or physical capacity to handle your own financial affairs and health decisions is an important piece of your estate plan. A Durable Power of Attorney and Health Care Surrogate Designation are specific documents that allow a trusted individual to handle these tasks on your behalf. If you do not have these documents, there is no legal way for anyone to access your bank accounts or tax information, sell or purchase real estate, or make medical decisions for you. This list is not all- inclusive. Each state has its own requirements for these documents. Speak with your attorney about any questions you may have regarding planning for incapacity.
-Emily A. Helmick, Esq.