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ARTICLE · 10 OCTOBER 2016

Recent Amendments To The Civil Code

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.

MaltaWealth Management

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

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