No one likes to think about becoming incapacitated, or unable to make decisions for himself or herself.
However, it’s an unfortunate reality for many Dayton residents. The chances of incapacitation increase with age: more than 5 million Americans have Alzheimer’s, and millions more have other diseases that make it impossible for them to care for themselves.
In addition, debilitating diseases are not the only cause of incapacitation: many people suddenly find themselves incapacitated—whether temporarily or permanently—after an accident.
For these reasons, it is so important that you get your affairs in order—while you are still able to do so.
If you are incapacitated, who will handle your finances—writing checks, depositing money in your bank account, withdrawing money to pay bills, etc.? Who will make decisions about your health care?
This is where powers of attorney come in. Power of attorney documents let someone you trust make these important decisions. They give you peace of mind knowing that your affairs will be handled by someone you choose. When these documents are not in place, a guardian must be appointed for you—meaning that your family will have to go through the Dayton court system, costing them time and hefty legal fees. (You can read more about why you need these documents here.)
Don’t wait until it’s too late—when your spouse or other family member is standing by, unable to help you at the Dayton bank or hospital. Make sure to include both health care and financial power of attorney documents in your estate plan.
The experienced estate planning lawyers at Lovett & House Co., LPA are here to help. We understand that it can be a difficult process, and we can guide you every step of the way to ensure that you and your family are protected in the future.