Incapacity, simply put, is the inability to make decisions for oneself. Incapacity can occur due to an injury (such as a car accident) or a health condition. “Planning for incapacity” refers to meeting with an attorney and preparing the legal documents which would be needed in the event an accident or illness left you without the ability to pay your bills, manage your finances or attend to other business and personal matters.
CPAs and Tax practitioners not only play a key role in the financial management but also at the planning after retirement. Especially in heritance and incapacitation planning is another key role that clients take help from qualified accountants and tax practitioners. It has been a glorified area of business practice that established practitioners look to target. This webinar covers a bird’s eye-view of the subject covering key aspects such as:
- Medicaid / Eldercare
- Estate Tax Planning
- Power of Attorney,
- Health Care Proxy/Health Directive and
- Living Will
- Planning and management of documents and execution
In this webinar, Elizabeth Forspan, Esq. will discuss the accountants, CPAs, and tax & legal practitioners’ key role in assisting their clients with planning for incapacity.