Like most people, you probably focus on the disposition of your estate assets following your death when you contemplate your estate plan. Planning for after you are gone is certainly one important aspect of estate planning; however, it is not the only reason to have an estate plan in place. In fact, planning for the possibility that you will become incapacitated is equally as important. To help you plan for the possibility of your own incapacity, the Waukegan incapacity planning attorneys at Hedeker Law, Ltd. explain how incapacity is defined and who can make the decision whether you are incapacitated [Read more…]
Are There Alternatives for Managing Property When a Person Becomes Incapacitated?
Your estate plan can – and should – do more than simply devise a plan for distributing your assets after you are gone. One of the most important secondary goals of any comprehensive estate plan is planning for the possibility of incapacity. As part of your incapacity plan, you will undoubtedly want to decide how your property and other assets will be managed if you suffer a period of incapacity. Incapacity Can Happen to You You may equate the possibility of becoming incapacitated with old age. While it is true that the risk of becoming incapacitated increases noticeably as you [Read more…]
How Lincolnshire Living Trust Lawyers Can Help with Incapacity Planning
When you contemplate the need for estate planning, you probably think in terms of planning for the distribution of estate assets after your death. Creating a roadmap which can be used to pass down your assets is certainly an important part of estate planning; however, a well thought out and comprehensive estate plan should accomplish much more than just deciding how your assets will be distributed. One important addition to a comprehensive estate plan is incapacity planning. The Lincolnshire living trust lawyers at Hedeker Law, Ltd. explain how incapacity planning fits into your estate plan. You Don’t Have to Be [Read more…]
