Planning for Incapacity
Planning for incapacity is imperative, and it needs to happen before illness
or an accident occurs. The sad reality is that tragedy can strike at any moment and the hardship
will be magnified if you are not prepared.
Power of Attorney/ Health Care Directives
Setting up power of attorney will empower another individual to carry out
your financial affairs, in the event you become disabled or incapacitated.
By setting up power of attorney, your assets will remain managed, your
tax returns filed, and other financial matters taken care of. Setting
up power of attorney will also ensure that things such as Medicare, Social
Security, trusts, transferring assets, naming beneficiaries and life insurance
policies are continually handled knowledgeably and according to your wishes as well.
You can also set up health care directives: forms that authorize your family
to make medical decisions if you cannot. These decisions can range from
life support to organ donation to burial/cremation.
Why Conservatorship is Not Ideal
If you don't choose to plan for incapacity, your loved ones will be
forced to seek conservatorship. This is a less ideal option, as you will
have to be declared by a judge as "legally incompetent" and
financial reports will have to be filed annually. This process is also
time-consuming, expensive and emotionally draining for your family, as
your spouse or adult child will have to petition the court to be appointed
Take charge of your future by contacting The Law Office of James D. Krupka!
While it is difficult to think about incapacity, let alone plan for it,
it is important that you do it for your family. Your loved ones will have to endure enough stress if you become incapacitated—don't
force them to wonder and guess about how you would like to be cared for.
When you meet with me, we can clearly and sensitively discuss all aspects
related to planning for incapacity.
For expert legal counsel and guidance,
contact The Law Office of James D. Krupka. I have proudly handled hundreds of cases over the past several years
and am prepared to take on yours. Let me put my legal experience to work for you!