How do I plan for disability or incapacity?
If you live in Arizona and want to plan for disability or incapacity, there are several steps you should take. The first is to create a power of attorney, which would allow another person to handle your financial and other legal matters on your behalf in the event of your disability or incapacity. You should also create a healthcare power of attorney, which would give someone you trust the ability to make medical decisions on your behalf if you become unable to make them yourself. In addition, it’s important to create a living will that details your wishes regarding healthcare, such as whether you would like to be kept alive by artificial means or not. This document will inform doctors and other healthcare providers of your wishes in the event of a terminal illness or injury. Finally, it’s important to create a will that spells out how you would like your assets distributed after your death. This is a critical step in estate planning, as it gives your family members or designated recipients instructions about how you would like your assets distributed. This document should be reviewed regularly as your situation or wishes might change. By taking the steps above, you can ensure that your wishes are carried out and that your assets are distributed according to your wishes in the event of your disability or incapacity. Talk to an estate planning lawyer to get the help you need in setting up these documents.
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