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The importance of planning for the future
Janet L Lowder1, Sandra J Buzney, Catherine M French
1Hickman and Lowder Co. LPA, Cleveland, OH, USA.
Abstract:
This article explains various mechanisms that are available to plan for the future prior to the development of incapacity. These include powers of attorney, revocable living trusts, advance medical directives such as powers of attorney for health care and living wills, psychiatric advance directives and guardianships and conservatorships. Case examples are utilized to illustrate the consequences of a failure to plan and what can be accomplished through advance planning. The suitability of each such mechanism is dependent on the situation of each individual Additionally, the specific details of each mechanism may vary across states.
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