How To Plan For Incapacity

Описание: What happens if you become unable to handle your financial affairs or you're unable to make medical decisions? This video is part of our guide to estate planning for young families - http://www.howardlawnj.com where you can learn more about this and related issues such as why you need a power of attorney.

 In most states when it comes to financial assets, the process is that the individual who no longer is capable must be declared incapacitated or incompetent depending on the state's laws. Pursuant to a proceeding, the court usually requires that two physicians are brought in to examine the individual, and they must report to the court.