Estate planning is not just about planning for after your lifetime. It’s also needed for incapacity planning while you’re still alive. Adding someone as a signatory on your bank account is a simple tool for incapacity planning, but it’s not right for every situation.
Your Estate Plan provides the proactive legal framework for what will happen to your assets after your potential incapacity or death. Letters of Instruction and Ethical Wills are not legally binding, but add a personal touch that can add heartfelt meaning to your Estate Plan, beyond the pages of legalese.