financial FOCUS. Planning for Incapacity

January 2012
PN;Jan2012, Vol. 66 Issue 1, p28
Trade Publication
The article focuses on planning ahead of being incapacitated. It says that one or more individuals can be designated to act on behalf of the incapacitated person or a friend or relative may ask the court to provide a guardian for the incapacitated. Furthermore, it mentions the options that may help protect the property which include transferring the ownership o the property to a revocable living trust, a durable power of attorney (DPOA), and a joint ownership of property.


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