Yes. A complete estate plan will provide protection in the event of incapacity. A complete estate plan can make the loss of capacity less difficult for all concerned by avoiding the involvement of the courts and the State. As part of your estate plan, it is important to have a Property Power of Attorney, a Health Care Power of Attorney, a Mental Health Care Power of Attorney, a Living Will and a HIPAA document. If your estate plan does not properly designate the people you would want to make financial and medical decisions on your behalf, then a court will have the responsibility of making the designations for you. The people you choose should know that they have been designated and how to get access to the documents that they will need. This is imperative, as they will not be able to act on your behalf until they have the documents in their hands.
Contributed by MH Phoenix, Arrowhead and Scottsdale Estate Planning Attorney and Partner, David T. Eastman.
Morris Hall Can Protect You in Today’s Litigious Society:
We live in a litigious society, where over 1 million lawsuits are filed every year in America alone. Financial predators are looking for ways to take funds from others and often use litigation as their means to do so. At Morris Hall we provide your assets and your loved ones with important protections that can prevent financial predators from taking advantage of you. We do this through proper and current estate planning techniques. With an MH living trust, we can also protect your property, assets and loved ones from probate, estate taxes, gift taxes, creditors, Medicaid spend-down, conservatorship or guardianship proceedings, ex-spouses and more. A living trust also keeps your asset and beneficiary information private and secure to avoid giving financial predators information to use against you and your family. Without a living trust, this information will be made public. For those living in Arizona, we serve the areas of Phoenix, Mesa, Gilbert, Fountain Hills, Scottsdale, Cave Creek, Prescott, Flagstaff, Sedona, Tucson, Sonoita, Arrowhead, Avondale, Goodyear and Tempe. In New Mexico we serve the areas of Albuquerque, Santa Fe, Las Cruces, Rio Rancho, White Rock, Alamogordo, Truth or Consequences and more. Contact us today at 888.222.1328 to schedule an appointment with an attorney in your area!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.