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    Sword and Shield Estate Planning

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2 Minutes Read

Estate Planning for Disability: How to Plan Ahead

Planning for disability is a crucial aspect of estate planning, as it allows individuals to prepare for unforeseen circumstances and ensure that their financial and healthcare matters are handled according to their wishes. Here are key steps to include when planning for disability in estate planning:

Advance Healthcare Directives:

Create a healthcare power of attorney and a living will. A healthcare power of attorney designates a trusted individual to make medical decisions on your behalf if you become incapacitated. A living will outlines your preferences regarding medical treatments and end-of-life care.

Financial Power of Attorney:

Establish a durable financial power of attorney. This document designates someone to manage your financial affairs if you become unable to do so. It can cover bill payments, managing investments, and other financial decisions.

Living Trust:

Consider creating a revocable living trust. A living trust allows you to transfer assets into the trust's ownership, and you can designate a successor trustee to manage the trust if you become incapacitated. This can help avoid the need for a court-supervised guardianship.

Guardianship for Minor Children:

If you have minor children, designate a guardian in your estate plan. This ensures that, in the event of your disability, someone you trust is legally appointed to care for your children.

Long-Term Disability Insurance:

Obtain long-term disability insurance. This type of insurance provides income replacement if you are unable to work due to a disability. It can help maintain your financial stability and cover ongoing expenses.

Regularly Review and Update Documents:

Periodically review and update your estate planning documents, especially if there are changes in your family structure, finances, or if laws are updated. Keeping your documents current ensures they accurately reflect your wishes.


Communicate your wishes to your family and the individuals designated in your estate planning documents. Ensure that they are aware of your preferences for medical care, financial management, and other important matters in the event of your disability.

Special Needs Planning:

If you have dependents with special needs, incorporate specific provisions in your estate plan to address their long-term care and financial needs. Special needs trusts can be established to provide for their well-being without jeopardizing eligibility for government assistance.

Professional Guidance:

Consult with legal and financial professionals to ensure that your disability planning is comprehensive and in compliance with applicable laws. Professionals can guide you through the complexities of estate planning and help tailor the plan to your specific needs.

HIPAA Authorization:

Include a Health Insurance Portability and Accountability Act (HIPAA) authorization in your estate plan. This allows designated individuals to access your medical information, aiding in making informed healthcare decisions during your disability.

By incorporating these elements into your estate planning, you can proactively address the potential challenges of disability and ensure that your affairs are managed according to your preferences. Consulting with professionals experienced in estate planning is crucial to creating a comprehensive plan that meets your specific needs and circumstances.



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