Incapacity planning involves directing how you are to be cared for and how your assets will be managed if you become physically and/or mentally unable to care for yourself or make responsible decisions. This could involve simple tasks like buying groceries, paying bills, and handling your day-to-day finances to more important decisions such as selling real estate, gifting assets, or making critical medical decisions. Depending upon the needs of the individual or family, incapacity planning could include a number of planning techniques such as durable financial powers of attorney, living wills and durable powers of attorney for health care, revocable living trusts, and guardianships and/or conservatorships.
Guardianships and conservatorships are court-supervised proceedings which name an individual or entity to oversee the personal care of an incapacitated person (guardianship) and manage his or her financial affairs (conservatorship). They can be appropriate where the incapacitated person has not otherwise planned for the management of his or her personal and financial affairs in the event of incapacity or where he or she is susceptible to being taken advantage of by unscrupulous individuals.
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5.0/5.0I have known Phil Peterson for decades. He has always been honest, competent, civil and reasonable in all of my dealings.
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5.0/5.0
White Peterson Law Firm offers superior quality of professional help. Our legal issue was handled with respect and our lawyer offered fine advice and took care of the entire process for us. Very pleased with every aspect of our interaction and recomm...
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5.0/5.0
Mr. Punkoney and Tia were awesome! Not only were they knowledgable, they were very easy to work with. They were very quick to answer all of my many questions and in a kind and patient manner. They made what could have been a very stressful process fo...
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We worked with Bill and his staff on a long and difficult probate situation and found their office people and Bill extremely communicative, proactive, resourceful and timely. Given that this work took a couple of years is testimony to their commitmen...
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4.5/5.0
Bill Punkoney was awesome at our estate planning and wills. He explains the process thoroughly in easy to understand language. He is extremely personable and brings a lighthearted yet professional approach to a serious matter.
