Incapacity & Disability Planning

Estate Planning

Is Estate Planning Just For What Happens After I Die Or Can Estate Planning Benefit Me During My Lifetime?

By James E. Hickmon, JD, MBA, CFP® / January 16, 2023 / Comments Off on Is Estate Planning Just For What Happens After I Die Or Can Estate Planning Benefit Me During My Lifetime?

In my experience, it is often much more important to plan in anticipation of incapacity during your lifetime. For example, what would happen if one spouse becomes incapacitated, needing to go into a nursing home and the other spouse needs to sell the primary residence during that time? Without a plan in place, such as…

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Planning for Beneficiaries with Disabilities

By James E. Hickmon, JD, MBA, CFP® / October 24, 2022 / Comments Off on Planning for Beneficiaries with Disabilities

Planning for Beneficiaries with Disabilities Estate planning is important for all families to ensure that an individual’s wishes are honored after they pass away. When the guardian of a person with disabilities or primary caretaker is making arrangements for their own planning, it’s ideal and necessary to answer several questions regarding the person under their…

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Guardianship

How Do I Plan for Possible Incapacity During My Lifetime? What Estate Planning Documents Are Necessary?

By James E. Hickmon, JD, MBA, CFP® / November 25, 2021 / Comments Off on How Do I Plan for Possible Incapacity During My Lifetime? What Estate Planning Documents Are Necessary?

There are several estate planning documents that we prepare for our clients to anticipate some form of incapacity, including: Healthcare powers of attorney Durable powers of attorney, and Trusts. Healthcare powers of attorney are distinguishable from durable financial powers of attorney, in that they are limited to only the scope of making healthcare decisions for…

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Estate Planning For Beneficiaries With Mental Illness

Estate Planning For Beneficiaries With Mental Illness

By James E. Hickmon, JD, MBA, CFP® / June 14, 2021 / Comments Off on Estate Planning For Beneficiaries With Mental Illness

According to the National Alliance on Mental Illness, 19.1% (nearly 1 in 5) of U.S. adults experience mental illness annually. Historically, discussions surrounding mental illness were taboo and off-limits. However, thanks to the hard work of mental health professionals and a generally greater awareness of the causes of mental illness, some, but not all, of…

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