As we age, we become seniors, it’s inevitable, and whether through illness or other factors, there may come a time where we’re unable to manage our affairs. This is where Guardianship becomes a critical component of Estate Planning. Preparing for this possibility and in some cases inevitability, we can arrange, through Guardianship, how our affairs are managed when and if we are no longer able to do so.
Family dynamics change and it’s important to be aware of whether or not you trust one relative more than another to handle these affairs. Without a Guardianship plan in place, your affairs can easily be overlooked by someone who is not well-intentioned pursuing the appointment of your guardianship. The court has also been known to appoint a party outside of the family and in these cases, it will be a stranger that you are not familiar with. Guardians appointed by the court can prove to be costly and complicate your family dynamic even further. This is not something you want to be left to the courts as this is a burden that can become painful for loved ones.
You may appoint a loved one as your agent and give them a power of attorney to facilitate the guardianship and handle your affairs in the event that you become incapacitated. Because the laws can be complex and confusing to you, it is vital to work with an estate planning attorney and ensure that you have a comprehensive plan in place for your future.
Contact Rachel Mirsky Today To Learn More About How She Can Help