Planning for incapacity is an important thing for every estate planner to do. For that reason, estate planners should be familiar with the different estate planning tools to help them plan for incapacity.
Power of attorney for healthcare
A power of attorney for healthcare is an important document that can be used as part of an estate plan to designate a trusted individual to direct the estate planner’s medical care and treatment if they become incapacitated. This can include medical care and treatment that may not be addressed in the advance healthcare directive or hiring and terminating medical providers.
Advance healthcare directive
An advance healthcare directive is an important document that can be used as part of an estate plan to ensure the estate planner’s medical care will be handled according to their wishes if they become incapacitated at some point. The advance healthcare directive lays out the types of medical care and treatment the estate planner wishes to receive and also includes any medical care and treatment the estate planner does not wish to receive. It can address medical care issues such as resuscitation and other end-of-life medical treatment.
Power of attorney for financial affairs
A power of attorney for financial affairs is an important document that can be used as part of an estate plan to designate a trusted individual to direct the estate planner’s financial affairs if they become incapacitated and are unable to do so for themselves.
Having these documents as part of an estate plan can help the estate planner feel confident that they have a plan for incapacity that they and their family members can feel comfortable and rely on. Estate planning can provide valuable peace of mind in many ways and having a comprehensive plan for incapacity is one of the ways an estate plan can provide that for the estate planner.