It is important to plan for incapacity and estate planning tools can help estate planners do that. Different estate planning documents can help estate planners prepare for a situation in which they are unable to make certain decisions for themselves due to incapacity which they should plan in advance for.
The first important document to include in an estate plan to plan for incapacity is an advance healthcare directive. An advance healthcare directive can specify the types of medical care the estate planner wishes to receive, or does not want to receive, in a situation when they are incapacitated and unable to direct their medical care and treatment for themselves. It can address concerns such as resuscitation and other end-of-life considerations.
In addition, a durable power of attorney for healthcare can be used to designate a trusted individual who will make healthcare decisions for the estate planner if they are unable to do so. This allows the individual named in the power of attorney to make decisions for the estate planner that may not be addressed in the advance healthcare directive. Also, important is a durable power of attorney to be used to designate a trusted individual who will make financial decisions for the estate planner if they are unable to do so for themselves.
Estate planning helps provide peace of mind to the estate planner and their family which can be achieved with a plan that prepares for incapacity. Overall, estate planning offers many resources to help estate planners develop a plan that is best for them and their family that can help through a difficult time.