Not many people ask themselves what might happen if one day they
were to become mentally incapable and thus lack the capacity to
enter into any form of contract. Who would take care of them and
how would they continue to administer their property? How will
doctors and medical fees be paid? Residential care also, maybe.
The benefits of drawing up a will in order to provide for
persons after one's death and the winding up of one's
affairs are widely recognised. However, with the risk of
supervening mental incapacity, with the advent of longevity (and
the possibility of illness or accident), in the midst of hectic
schedules, the opportunity to plan ahead of time for future
happenings is one that should not be overlooked. There may come a
time in a person's life when one will no longer be able to
manage one's own affairs, and would thus need another person to
do so for them. The Alzheimer's Association of the United
States estimated in 2015 that one in nine people over