Aging is a biological process that we cannot stop. Our mental capacity also reduces when we age, just like our physical stamina. Most older adults suffer from at least one or more chronic health conditions. While it is common for people to plan their estate for proper distribution among their loved ones, we seldom overlook planning for our well-being during the golden years of our lives. Often, chronic ailments, injuries, and malignant diseases can cause disability, making it imperative to plan for incapacity during old age. Today, we will take a look at how to prepare for incapacity so that you get the love and care you deserve when you need it most:

• The first step is understanding how incapacity might affect you if you fail to take care of yourself & others dependent on you, be it family or pets. This understanding empowers you to take control and prepare for any potential challenges.
• Now that you have considered the possibility, you will require someone to make medical decisions on your behalf, manage your finances, and provide adequate support to you in such a scenario.
• The next step in planning for incapacity involves open communication with your close friends and family. It’s important to discuss your daily necessities and how you would like your property or pets to be cared for in the event of incapacity. If someone is dependent on you, it’s crucial to ensure they will also be cared for if you cannot do so yourself. By having these conversations, you can ensure that your loved ones know your wishes and are prepared to support you in the best way possible. 
• An official, legally binding incapacity plan will fulfill your wishes when you cannot act on them. There are three primary documents that you need to create here:
• A Financial Power of Attorney authorizes a designated person, your financial agent, to make financial decisions on your behalf. 
• Advanced Medical Directive allows you to specify what kind of medical attention you wish to receive if you cannot make your own decisions. 
• Last but not least, an Estate Plan comprises multiple documents like wills and trusts, where you will include instructions on asset management and name your beneficiaries upon death. 
• After putting the legal plan in place, it’s important to consult legal professionals, a financial advisor, who will ensure you are cared for if you ever become incapacitated. Their expertise and support will guide you through the process, giving you the confidence that you are making the best decisions for your future.

Conclusion

When planning for incapacity, it’s always better to be safe than sorry. The peace of mind from being prepared, whether or not you experience incapacity in old age, is invaluable. Seeking the guidance of experts at Boyer Law Group can provide you with the reassurance and confidence that you or your loved ones won’t get caught off guard. Their professional advice can help you navigate the complexities of planning for incapacity, ensuring that you are well-prepared for any eventuality.