#4 of 25 Common Estate Planning Mistakes – Incapacity

Failing to Plan for Incapacity
Estate planning includes much more than just determining
the distribution of your property at your death. It includes
planning for your physical care and management of your
property at your incapacity as well. Planning for incapacity
includes powers of attorney for health care and finances
and an advance directive. It may also include a revocable
living trust. If you don’t plan for incapacity, for example if
your estate plan consists of just a will, your family will need
to petition the court for the appointment of a guardian if
you become incapacitated.