June 20, 2023
Planning for Incapacity: Options for Managing Your Finances
Although difficult to think about, becoming incapacitated is an unfortunate possibility at any stage in life, and preparing for this uncertainty can offer some peace of mind.
When it comes to your finances, it’s important to document how you would want your assets managed if you were no longer able to do so. Having the right estate planning tools in place to address this risk is a critical component of a well-designed financial plan—and it will ease the complications for your family and heirs who may need to step in.
In this interactive workshop, Buckingham’s Chief Planning Officer Jeffrey Levine will discuss three common ways to maintain financial continuity if you or a loved one becomes incapacitated.
You’ll learn about:
- The purpose of setting up a power of attorney
- Reasons to add an individual as a joint account owner
- What to consider when placing assets in a trust