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Incapacity Planning Part 1

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Incapacity Planning Part 1 Foundational Concepts


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Legal Capability


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WHAT IS INCAPACITY AND WHY DOES IT MATTER TO ME?


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You probably take it for granted that you have the LEGAL ABILITY to make your own decisions


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This ability is known as capacity


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Should you lose your ability to make choices, you become legally incapacitated


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Should this happen to you, someone else will have to make decisions on your behalf


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Lost Abilities


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HOW DOES INCAPACITATION HAPPEN?


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There are a lot of ways people can become incapacitated


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If you are rendered unconscious or comatose because of an accident, left with decreased cognitive abilities because of a medical condition such as Alzheimer’s disease, or otherwise become unable to communicate or make choices, you become incapacitated


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Incapacity Plans


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WHAT DOES INCAPACITY PLANNING INVOLVE?


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Incapacity planning is simply the process in which you look ahead to the possibility of one day losing your ability to make choices, and decide to make choices now that will apply should it happen to you


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You’ll make these choices by creating the appropriate incapacity planning tools


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Planning Tools


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WHAT KIND OF TOOLS WILL I NEED?


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Though we will talk more about the types of tools you will create in our next presentation, your plan will include several types of legal documents


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These will either allow you to make decisions now that will apply when you are incapacitated, or pass your decision-making abilities on to someone else so that person can make choices for you


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LEARN MORE ABOUT INCAPACITY PLANNING IN MINNESOTA


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CLICK TO VISIT: GERMANLAWGROUP.COM


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