For various reasons, you may not want your kids to know your financial affairs and other business while you’re still in control, but the day will come when they’ll need to know.
Tag Archive for dementia
The fact that, as a woman, you are likely to live longer and have lower lifetime earnings than men makes you especially vulnerable in retirement. Consequently, it is especially important that you understand and undertake estate planning to secure a comfortable standard of living.
So, what should women know? » Read more..
Even if you are showing signs of dementia, you may still have the necessary capacity to sign various estate planning documents. In Minnesota, there is a presumption of mental competence unless a court determines otherwise. Consequently, if you are lucid at the time you sign your Will, you are considered mentally competent even if you are not lucid at some point before or after signing the document.
Wills, Health Care Directives and Power of Attorney documents each have their own legal standard in Minnesota for determining whether you have a disabling condition that prevents you from creating a valid document. » Read more..
In Minnesota, the mental capacity to execute a Will is presumed until and unless a court determines otherwise. Mental capacity is determined case by case. Mere old age and failing memory don’t automatically determine whether a person suffers from mental incapacity. Even if mental capacity is lacking sometimes, the court could determine that the person wrote the Will during a lucid period. » Read more..