Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
Call for a free consultation
702-706-1083

Estate planning in case of becoming incapacitated

Some people in Nevada may think of estate planning as only involving how they will transfer assets to beneficiaries. While this is an important aspect of it, it also is important that a person arranges to be cared for in the case of incapacity. This involves both financial and health care planning.

A durable power of attorney is an individual a person appoints in the event that he or she becomes incapacitated. However, some institutions may be uncomfortable acknowledging a durable power of attorney. A more recent power of attorney is better than an old one, but a revocable living trust is another way to handle this issue. This may be a good option for someone with an estate that is worth more than $1 million. The owner of the assets can be the trustee and continue managing assets while healthy. A successor trustee then steps in if the person becomes incapacitated.

A health care power of attorney is the individual someone appoints to make medical decisions on his or her behalf in case of incapacitation. A person might need to create a living will that details his or her wishes for end-of-life care, a HIPAA release that allows loved ones access to medical information and an authorization for organ donation. At the very least, someone who has been granted medical power of attorney should know what the person's preferences are even if they are not in writing.

As with other estate planning documents, people should review these regularly to ensure they are up to date. Someone's relationship with the individual that he or she chose for one of these roles could change, or the life situation of a person who was appointed could shift so that he or she won't be able to carry out the required duties. For example, someone who is chosen to make medical decisions should probably be a person that lives nearby or is at least easily reachable in an emergency.

No Comments

Leave a comment
Comment Information
Email Our Team

More Questions? We Have Answers.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Las Vegas Office
10799 West Twain Avenue
Las Vegas, NV 89135

Toll Free: 800-557-6423
Phone: 702-706-1083
Fax: 702-650-5561
Las Vegas Law Office Map

Henderson Office
2425 W. Horizon Ridge Pkwy.
Henderson, NV 89052

Toll Free: 800-557-6423
Phone: 702-706-1083
Map & Directions