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The possibility of incapacity is all too often
overlooked in the estate planning process. In
general, unless you have executed a formal legal
arrangement for your own care, such as a durable power of attorney, a
friend or family member would have to institute
judicial proceedings to have you declared
incapacitated to become your “conservator” or
“guardian of the estate” and legally act on
your behalf with regard to your property. In many
cases, your loved ones will not pursue the
legal route if you become incapacitated. In any
case, your pet, as tangible personal property, would
be at the mercy of whoever takes over management of
your property.
As with planning for death, legal machinations do not
address practical issues that may be of the utmost
importance to you, such as whether and to what extent
you would continue to have contact with your pet and
who should take care of the pet in the event you
cannot. |