Should I have an incapacity plan? What does that entail?

I'm in my seventies and my neighbor mentioned something about his incapacity plan and I'm wondering if I should have one too.

Asked by Edna

1 Answer

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Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
Absolutely. You need to think about what would happen if you cannot make decisions for yourself. Go to a good estate planning attorney and get a living will, power of attorney, perhaps a trust, etc. In addition, make sure your trusted person in your life has all your online passwords, copies of valuable documents, etc. I had this situation with my father and had to take control of his finances when he was unable to do it himself. His assets were in a trust and I was his power of attorney, so it was pretty smooth. But only because he planned ahead. | 08.28.13 @ 23:07
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 20:03
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Answered by

Alex Bentley
Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA