In an article for Morningstar, KRMC wills and trusts lawyer Raquel Kaplan Goldberg spoke to journalist Gail Beebee about the importance of planning for incapacity. Goldberg reviewed ways to proactively select future substitute decision makers of one’s choosing – including by granting powers of attorney for property and personal care, and setting up alter ego trusts – and explained that a failure to do so could result in third parties making that choice instead, usually with increased costs and reduced flexibility and privacy.
The complete article can be found here.
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