How do I plan for disability or incapacity?

Planning for disability or incapacity in Indiana is an important part of estate planning law. An important step to take is to put together an Advance Healthcare Directive. This document outlines your healthcare wishes and designates an individual, such as a relative or friend, to make medical decisions for you if you are unable to do so. Another step is to set up a Power of Attorney, which allows you to designate someone to manage your financial affairs if you become incapacitated. It is also important to consider setting up a trust that will provide for your medical expenses and other needs if you should become incapacitated. This will help you to ensure that your accumulated assets continue to support you even if you are no longer able to manage your financial affairs. Finally, it is important to have a will in place that can be used to direct your assets upon your death. This will help to ensure that your assets are distributed according to your wishes, even if you are unable to do so yourself. By taking the necessary steps to plan for disability or incapacity, you can ensure that your wishes are carried out in the event you are no longer able to make decisions for yourself. This will help to provide peace of mind for you and your loved ones.

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How do I plan for disability or incapacity?

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