Although no one can predict the future, there are several ways to try to plan for what it might bring. Whether you have children, a robust estate, lucrative assets, or not, it is always a good idea to try to plan today for what could happen tomorrow. One of the possibilities to consider is that you might not always have the same level of physical or mental capacity that you do now. Incapacity planning is a very important component of estate planning that addresses how decisions will be made for someone who can no longer make them for himself due to physical or mental limitations. If this is of interest to you, speak with a skilled Barrington, IL estate planning attorney who can help explain what is involved and guide you as you formulate your plans.
Key Elements of Incapacity Planning
There are many aspects of incapacity planning that stem from the attempt to plan for any eventuality in the future. These aspects of estate planning include: