The first step in your Estate Plan should include documents that aid in managing your affairs in the event you become incapacitated (i.e. mentally/physically unable to make decisions). These include:
- Financial Power of Attorney
- Medical Power of Attorney
- HIPAA Waiver
- Advance Directive for Healthcare (aka “Living Will“)
In these documents, you will designate people who will have the authority to receive information and act on your behalf regarding your financial and medical decisions. Without these documents, in the event someone becomes incapacitated, a Guardian would need to be appointed by the Court before any actions could be taken on your behalf.
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