It is said that “experience is something that you get just after you need it.” There is a lot of truth in this statement, and that’s the way life is in many ways. You cannot fully understand something until you have experienced it, and it is not always easy to learn these lessons. This certainly enters the picture when it comes to planning ahead for the eventualities of aging. When you have been perfectly capable of handling all of your own affairs throughout your life, it can be hard to … [Read more...] about Incapacity Planning: Choose Representatives in Advance
durable powers of attorney
It is important to plan ahead for the eventualities of aging in a pragmatic manner. It may not be the most pleasant thing to consider, but many people become incapacitated late in their lives. Who would handle your affairs in the event of your incapacitation? This is a question that you can answer yourself if you take the appropriate action. Guardianship Proceedings If you do not plan ahead for the possibility of future incapacity, the state could be petitioned to appoint a guardian to act on … [Read more...] about What Are the Advantages and Disadvantages of a Guardianship?
Estate planning is not exclusively confined to monetary matters. When you talk to an estate planning attorney about the realities that we all face, you will be reminded about the period of time that may precede your passing. Think about it logically. You are probably not going to be healthy one day, and dead the next. If you are fortunate enough to live a normal life span, you may well go through a period of incapacity before you pass away. This possibility is something to prepare for in … [Read more...] about Durable Financial Power of Attorney in Hartford CT: What Are Its Advantages?
With your estate plan you arrange for the distribution of your monetary resources after you die. However, a comprehensive estate plan should address the period of time that will precede your death. Many people go through a period of incapacity late in their lives. If you do nothing to prepare for this possibility, guardianship or conservatorship hearings could take place. Court Appointed Representative The terms guardian and conservator are both used to describe someone who would be appointed … [Read more...] about What Is a Guardianship or Conservatorship?
Incapacity planning is an important part of a comprehensive estate plan. People often equate estate planning to the transfer of financial assets, but there is more to it than that. If you think about it logically, people do not ordinarily pass away while they are still fully capable. A significant percentage of individuals become unable to make their own decisions for a period of time before they pass away. There are various different causes of incapacity, but one very ubiquitous cause is … [Read more...] about Hartford Connecticut Incapacity Planning: What Is the Nomination of a Guardian?