A comprehensive estate plan will go beyond the postmortem transfer - TopicsExpress

A comprehensive estate plan will go beyond the postmortem transfer of monetary assets. To be fully prepared, you should address the contingencies that you may face during the latter portion of your life. Incapacity is one of these eventualities. It is quite possible that you will become unable to make all of your own decisions late in your life due to incapacitation. You can account for this possibility through the execution of a legally binding device called a durable power of attorney for health care. Durable Power of Attorney or Health Care Proxy A durable power of attorney for health care is alternately referred to as a health care proxy in some jurisdictions. With any power of attorney, you name someone else to act on your behalf. A typical standard power of attorney would not remain effective upon the incapacitation of the grantor. This is why durable powers of attorney are used for incapacity planning purposes. When a power of attorney is designated as durable, it doe

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