We’ve been discussing in recent posts strategies for addressing potential incapacity in estate planning. That this is an important thing to do is certain, as it can help ensure not only that estate planning documents clearly express the known wishes of the estate owner, but also that an the proper steps are taken for the management of financial affairs and health care decisions.
Mental incapacity and its potential impact on your estate, P.2
We’ve been looking in recent posts at the issue of mental incapacity and how people can plan to protect their estates from this possibility. Last time, we mentioned the importance of firmly establishing one’s capacity in the estate documents themselves, and on clear communication of one’s wishes and understanding of the stated property dispositions to family members.
