Planning for Incapacity

Besides arranging for transferring your property at your death it is crucial that your estate plan designates who will handle your financial and medical affairs while you are living should you ever become incapacitated and cannot do so yourself. A key component of every estate plan is putting into place binding legal documents which include a durable general power of attorney for finances, a durable general power of attorney for health care and a living will. In certain situations it may also be desirable to transfer certain assets to a trust which permits a separate trustee of your selection to administer your assets.