Most people don’t want to plan for their inevitable death, let alone dementia. You can plan within your Living Trust for mental incapacity. You set the panel who decides when it is needed. You choose the doctor and which trusted loved ones turn on the mental disability provisions. Who do your assets pay for if you become incompetent? Do you want to stay home as long as possible? If you must be in a care facility, what town do you want to be in? Do you have a preference for a specific facility? Who chooses the facility if you can’t? You’ll also want to make sure your Health Care Power of Attorney and Living Will work across state lines. Most of my clients travel and we are close to four state lines here.
As Denzel Washington said in “Man on Fire”, “There is prepared and unprepared. There is nothing else. Are you prepared?”
At the Law Firm of Steven Andrew Jackson, Attorney and Counsellor at Law, we have helped hundreds of families protect themselves and their loved ones, avoid Estate Taxes and Probate Costs, and keep their Estate Plans current with the law through The Customized Protective Estate Planning Solution™.