Incapacity & Disability Planning
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? In North Carolina, if a person becomes…
Read MoreEstate 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 care. Who will take care…
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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…
Read MoreAccording 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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