Law Office of Gregory T. Pearce : Gregory T. Pearce
Gregory T. Pearce, If you become incapacitated, you won't be able to manage your own financial affairs. Many are under the mistaken impression that their spouse or adult children can automatically ta...
Gregory T. Pearce, If you become incapacitated, you won't be able to manage your own financial affairs. Many are under the mistaken impression that their spouse or adult children can automatically take over for them in case they become incapacitated. The truth is that in order for others to be able to manage your finances, they must petition a court to declare you legally incompetent. This process can be lengthy, costly and stressful. Even if the court appoints the person you would have chosen, they may have to come back to the court every year and show how they are spending and investing each and every penny.