It’s hard to imagine a life where you are physically incapable of doing for yourself and/or you can no longer make decisions regarding important matters. But the reality is, most of us are going to be faced with these circumstances at some point in our lives. So, what happens when you reach a moment in time when you can no longer take care of yourself? How are you going to get the assistance you need?
Well, if you have family members that are still alive (i.e. siblings, children, a spouse), decisions will be left up to them to make. For example, let’s say you neglected to create an estate plan that outlined each person’s role along with how your assets can be used to pay for the care you need. Under these circumstances, your loved ones would have to figure all of this out on their own. In some cases, they might be successful at it, but in others, you might find yourself left in a facility receiving substandard care simply because your family members weren’t properly prepared to make these types of decisions.
So how do you prevent this from happening?
You plan ahead. While you might be feeling wholesome and alive today, you can’t exactly predict what tomorrow will bring. Therefore, it is in your best interest to start working on your estate plan now—and a Coral Springs, FL estate planning lawyer can help you. In your estate plan, you will need to include instructions on what you want your loved ones to do in the event you become incapacitated and can no longer make decisions for yourself. Some of the things you may wish to address in your estate plan include:
- Power of attorney. “A power of attorney gives one or more persons the power to act on your behalf as your agent.” This power may be “temporary or permanent and “may take effect immediately, or only upon the occurrence of a future event, usually a determination that you are unable to act for yourself due to mental or physical disability.”
- What will happen to your assets? While some individuals choose to set assets aside to be used to cover the cost of living in a long-term care facility, others may decide to put assets aside to pay for at-home care if they do not wish to live in a nursing home or other type of long-term care facility.
If you are ready to begin working on your estate plan to ensure you have a solid plan that addresses what needs to happen in the event you become incapacitated, contact Express Law now to speak with a skilled Coral Springs, FL estate planning lawyer.
Express Law can be reached at:
2900 West Sample Road
Pompano Beach, FL 33073