Did you know that you can go through probate while you are alive?
It is probably the most common kind of probate. If you can’t take care of yourself, someone must take care of you. This is most common with memory care once we get older.
This can lead to it being necessary to have a judge declare you incompetent, limit your rights, and give someone the power to take care of you. The risks of this can be limited with a living trust, a power of attorney, and an Advanced Healthcare Directive. This is a foundational estate plan.
The risk can’t be eliminated though. If we don’t cooperate with our Power of Attorney, they may still have to take our rights away.
This is most common when we resist their efforts or if a predator takes advantage of us.
If you have questions or would like to plan, click here to schedule a free appointment.
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