The two things that many people dread talking about is disability and death. Establishing an estate plan however is one of the most important steps you can take to ensure that your wishes are fulfilled, financial needs are addressed and assets that you worked hard for are protected.
Providing for Incapacity
If you should become disabled (incapacitated mentally or physically) and do not have a plan, it will be impossible to manage your financial affairs. To make matters worse neither your spouse nor adult children can act on your behalf without having the authority to do.
Winifred “Wini” Cannon can draft the following instruments to ensure that you are taken care of if disability occurs:
Statutory Durable Power of Attorney allows a person that you designate have authority to act in your stead for all financial matters.
Health Power of Attorney allows you to designate a person to make health decisions on
Health Directive instructs your physician an agent having the health power of attorney on end of life decisions.
When no plans were made in advance to address disability, court intervention will be required to appoint someone to act as the Guardian of your Person and/or Guardian of your Estate. Under these scenarios an Applicant petitions the court to declare you as legally incompetent or incapacitated. Thousands of dollars and countless hours can be saved if you provide for incapacity. If there is none in place Winifred “Wini” Cannon can provide legal representation to the applicant seeking to make personal and/or financial decisions on your behalf.