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Law & Legal
  1. How to Qualify for a Medicaid Waiver
  2. Six Reasons Someone May Be Placed Under a Guardianship
  3. What Can Be Included in a Will?
  4. How Much Should You Put as a Down Payment on a House?
  5. 3 Assets That Can Fund a Trust
  6. Why You Should Have a Life Insurance Policy
  7. Is Real Estate a Good Financial Investment?
  8. S-Corp vs. C-Corp
  9. 5 Reasons Someone Might Disinherit a Child
  10. Benefits of a Testamentary Trust
  11. Steps on How to Sign Up for Life Insurance
  12. What is the Estate Administration Process?
  13. What Types of Government Benefits are Available for the Elderly?
  14. What is the Job of an Executor?
  15. What is a Simple Estate Plan?
  16. Why You Should Have a Will
  17. 3 Things You Need to Prepare Your Taxes
  18. Tips for Planning an Estate
  19. What is Electronic Notarization?
  20. Are There Requirements to Qualify for Medicaid Home Care?
  21. 3 Benefits of Tax Planning
  22. 3 Things to Know About Retirement Planning
  23. How Does Mental Illness Impact Your Estate Planning Process?
  24. What is a Lawsuit for Wrongful Death?
  25. What is The Tax Code?
  26. Guide to Become a Tax Advisor
  27. Does My Parents' Divorcing Impact My Inheritance?
  28. Guide to Understand When You Should and Shouldn't Buy a Home
  29. 3 Things a CPA Can Help With
  30. Tips to Maximize Your Tax Refund
  31. 3 Reasons You Should Have a Tax Accountant on Retainer
  32. Do Self-Employed Individuals Get Taxed Differently?
  33. What are Unclaimed Funds?
  34. 4 Things to Know About Surrogate's Court
  35. 3 Reasons Having Advance Directives is Important
  36. What are Estate Taxes?
  37. What is The Estate-Tax Exemption?
  38. Who Has to File Taxes?
  39. 3 Reasons You Should Have a Trust Protector
  40. Understanding Spousal Impoverishment
  41. Who Files Taxes For Businesses?
  42. Should I File My Taxes Using Turbo Tax?
  43. 3 Ways to Protect Against Financial Exploitation
  44. Who Qualifies for a Special Needs Trust?
  45. Guide on How to Write Off Business Expenses When Doing Your Taxes
  46. 3 Things Every Small Business Should Know
  47. Why Updating Your Will is Important
  48. What is the Probate Journey?
  49. What Happens if I Don't File My Taxes?
  50. Tax Accountant vs CPA
How Does Mental Illness Impact Your Estate Planning Process? {{ currentPage ? currentPage.title : "" }}

Mental health concerns no longer carry the stigma they once did, but they are just as important to address today as they were in the past. Mental health challenges can take on many forms, and some people can live normal lives despite mental health concerns. Even still, if you or a loved one suffers from a mental health challenge, it’s important to think about how to navigate complex matters like estate planning in light of the potential for complications to arise.

Your Future Health

One of the biggest hurdles to overcome when dealing with estate planning and mental illness is the possibility for things to change. Even if you are stable in your thinking right now, if your condition worsens, you may no longer be able to make sound decisions. This can be a problem if you plan to work with an estate planning professional in the future. Decisions made while you are suffering from a mental health concern may not hold up in court should these decisions be challenged in the future.

Your estate plan may also need to factor in things like life insurance accounts and the stipulations that come along with them. Mental illness can impact your physical health, and your life insurance provider may have specific clauses in your policy that dictate how mental health concerns are addressed if you pass due to a mental health challenge.

Talk to Your Doctor

The best thing you can do for your mental health and its effect on your estate planning is to work closely with your doctor. Your physician will be able to provide you with options that are specific to your needs as they relate to caring for your mental health and making important decisions in the future. Seeking care from your doctor is also a wise move when it comes to estate planning and mental illness if your doctor needs to provide testimony in a legal case involving your estate down the road.

Author Resource:-

Mark writes often about estate planning. His articles may include topics like real estate closing attorney and business succession laws to help the people in needs. You can find his thoughts at estate planning blog.

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