Mental health, Incapacity Planning, and Guardianships.
The month of May has now become known as Mental Awareness Month in almost all states.
If you have somebody who is suffering with mental illness, please get help immediately for them and really for you as well.
National statistics say that in the year 2021, over 57 million people suffered in the United States from some sort of substance abuse problem.
The reason I wanted to talk about it today is because you’ve heard me say over and over again when I’m talking about estate planning, that I truly believe the most important thing is incapacity planning. Everybody thinks about estate planning as what happens after they die.
Who gets their stuff, right? Who gets their money? The house, the cars, all of that. But what’s even more important is what happens if you are still alive and you are incapacitated. If you have a mental illness, if you have a substance abuse problem, who is going to take care of you?
What do you want to happen if you were to become incapacitated?