Aging

What happens to my assets if I become incapacitated before I finish my estate plan?

Without documents like a revocable living trust or durable power of attorney in place, a court may need to appoint a conservator or guardian to manage your finances and healthcare decisions — a process that can be slow, public, and costly for your family. A funded revocable living trust allows a successor trustee to step in and manage assets immediately, without court involvement. Many people assume estate planning is only about death, but planning for incapacity is equally important, especially as people age. Getting documents in place early means your family avoids scrambling during an already difficult time.