Incapacity Planning: Why It's Important and What It Includes

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• Incapacity Planning

Why Its Important and What It Includes
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The Need for Incapacity Planning
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Less than half of all Americans have a
comprehensive estate plan
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Even fewer have an incapacity plan in place
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Incapacity could strike anytime
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If that occurs,
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Incapacity Defined
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An incapacitated person is one who is unable by
reason of any physical or mental condition to
receive and evaluate information or to
communicate decisions to such an extent that he
or she lacks capacity to meet essential
requirements for
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Disabled Defined
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Unable by reason of any physical or mental
condition to receive and evaluate information or
to communicate decisions to such an extent that
the person lacks ability to manage his or her
financial resources
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Without an Incapacity Plan
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Without an Incapacity Plan
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Decisions that Follow Incapacity
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What Can an Incapacity Plan Do?
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Living Will
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Allows you to make a declaration indicating your
desire that your death not be prolonged by the
administration of death-prolonging procedures
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For a living will to take effect, you must have
a terminal condition
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Advanced Directive
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Power of Attorney
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Revocable Trust
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Want to Know More?
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