What If I Become Incapacitated?

Oftentimes, we consider incapacity to be a problem involving the elderly. But incapacity is not an age-related concern. It’s possible to become temporarily incapacitated at any age. You may become unconscious or disable because of a car accident, a disease, or an accident on the job. Imagine you became incapacitated tomorrow. What would happen then?

• If you couldn’t communicate, who would you trust to make healthcare decisions for you?
• If you are unable to care for yourself, would you go into an assisted living facility? Who would you trust to make that decision?
• Who would handle your finances, pay your bills, or access funds to pay for your treatment and care?

Without the proper estate plan in place, your loves ones will likely have to get a judge involved to decide who will get to make choices and handle your property on your behalf. Not only is a lengthy process but it is also expensive. To avoid this, it’s essential to have a family estate plan to ensure your wishes are carried out in the case of your incapacity.

What are the benefits of a Revocable Living Trust?

For many people, a Revocable Living Trust is the go-to instrument for incapacity planning. With a revocable living trust, YOU remain in control during your lifetime. You, as Trustee, retain all the same rights and powers over your assets in your Trust. But, if you become incapacitated anytime in the future, you can designate a Trustee who will act in your best interests. They will have the necessary authority over your Trust assets without further action or judicial involvement. Since it’s a revocable trust, you can always change the successor Trustee or add or remove assets as needed.

Is a Revocable Living Trust the best way to protect you? Schedule a consultation to discuss the right estate planning strategy for your family! We can set up a plan so that your loved ones won’t have to deal with legal issues or fight amongst themselves in the event of your incapacity or death.

Speak with an experienced Estate Planning Attorney! We invite you to schedule a consultation to discuss the right estate planning strategy for your family! Call (407) 380-7724 or email us at mail@themendezlawfirm.com to schedule a FREE, no obligation estate planning consultation. We also offer you a FREE, no obligation Zoom consultation. Call or email today!