If you live in North Dakota or Minnesota and have considered what might happen if you one day become ill or injured, you need to develop an incapacity plan. Incapacity planning involves making a number of decisions that will take a fact should you one day lose your ability to communicate or make choices. While your estate planning lawyer will guide you through what you have to do to make sure your plan, there are other considerations you will need to make. Many of the decisions you will have to confront during the process are not legally required, but are practical necessity. Here are some tips you should consider.
Allow time for reflection.
The questions we have to face when we look at the possibility that we might one day become incapacitated are often very personal in nature. While you consider incapacity planning issues in light of your legal options, you might want to give yourself enough time to reflect on them in light of your personal, religious, or ethical beliefs. Many of the incapacity planning choices you will have to make have clear implications for many deeply held personal beliefs, and allowing yourself the time to think about these can make you feel much better about your choices.
Take the time to educate yourself about incapacity planning issues.
Beyond the personal, religious, or ethical issues involved in incapacity planning, there is also a lot of technical terminology and information you will have to understand. Not only are there legal concepts involved, but the medical issues surrounding the process can be incredibly complicated.
When you make certain choices with your plan, you will want to be sure that you have the best information available. To do this, you should not only talk to your doctor, but should also allow yourself the time to conduct personal research. Talking to friends, experts, and advisors is also something you might want to consider. Once you have the basic knowledge and feel comfortable that you understand the important issues involved, you can then make the relevant choices through your incapacity plan.
Consider the practical limitations when choosing a representative.
Incapacity planning will allow you to make choices about what you want to happen to you when you’re incapacitated, and allow you the flexibility of choosing a representative to whom you grant the authority to make decisions on your behalf. When choosing this representative, always consider the practical limitations that he or she might have to face. For example, if your representative is not located close to your doctor or financial institutions, you might want to consider someone who will more easily be able to interact with people on your behalf.
To learn more, please download our free Incapacity Planning in North Dakota report.
- 10 Things to Do When an Elderly Parent Gets a Terminal Diagnosis - October 4, 2022
- Updating Your Life Insurance - September 29, 2022
- What’s Estate Planning Got to do with Interest Rates – Part II - September 27, 2022