Listen in Walnut Creek New Podcast: Incapacity Failures: Plan Ahead So Your Plan Works for You

Walnut Creek CA

14 June, 2022

4:58 PM

Description

Walnut Creek neighbors, we are pleased to share these resources on incapacity planning with you. Though it might seem like you’ve got everything covered within your trust document, estate planning is not just about what happens after you die. Issues can also arise in the event that you become incapacitated. Over the years we have seen all sorts of problems because not enough attention was paid to incapacity planning. If the current plan you have in place doesn’t make it quick and easy for others to step in and take over on your behalf, delays can cause your own health and well-being to suffer. It can also cause confusion and disagreement among family members leading to more time and money in court. Listen Now! In this episode of Absolute Trust Talk Live, attorneys Kirsten Howe and Madison Gunn sit down to discuss the types of trust failures and challenges that may be experienced from a lack of planning for incapacitation. They will share some important documents and items that you need to include in your estate plan, as well as tips and strategies to make that plan work seamlessly for you and your family if someone else ever has to step in. Some of the topics covered in this podcast include: Why you should be putting ALL of your assets in your trustHow to work with banks to honor your power of attorneyThe importance of refreshing a power of attorney every ten yearsNew legislation that impacts trusts after incapacitation And more. Whether you’re in the process of planning your own trust, or serving as trustee or beneficiary for someone else, this episode can help you anticipate unforeseen circumstances and avoid complications if incapacitation occurs. Big Three from Episode #088: Estate planning isn’t just about what happens after you die. People don’t always think about planning ahead for their incapacitation, which, unfortunately, can create many problems for your family and those who need to take over.Assembly bill 1079, which was recently passed, requires trustees to notify beneficiaries if the trustor becomes incapacitated. This is designed to help limit elderly financial abuse.Working closely with your bank, including using their forms to delineate power of attorney, will make it simpler for them to honor when the time comes. Tune In Now! [Ad] Are you a resident of Walnut Creek or the greater East Bay needing help with incapacity planning or trust administration? At Absolute Trust Counsel, your family’s safety is our number one priority. We understand how complicated it can be to know if you’re making the right decisions, which is why we’re here to make things easier. Schedule a free discovery call, and let’s talk about how we can help you. Or, if you have a question about the content in this podcast, please feel free to get in touch with us by calling 925.943.2740 or sending an email to [email protected]