While estate planning has no age attached to it – whether you are 21 or 65 – having an estate plan will only benefit you in the future. An estate plan will outline and see that your wishes are followed through when you’re not here to make he decisions such as your health, care for your children, and the distribution of your assets. Speaking with a professional estate planning attorney will help ease the stress and help answer questions you will have.
Author: Paula Smith Page 1 of 2
When you start estate planning as a young family, there tend to be some differences involved, especially if you have young children. You need to ensure that your family will be financially sound and that there is a plan for them if you were to pass away. It’s important as a younger family to have at least a basic estate plan in place, to guarantee your wishes for your children are carried out.
There are many decisions that need to be made when it comes to elder care, and one of the biggest is where you or your loved one will be living. There are many different factors that go into the decision-making process and I have broken down most of the steps and signs of when to move from long-term care to a nursing home or assisted living.
As the ones you love continue to get older, they will need constant care. Looking into a nursing facility or assisted living could be the best option for them to be provided with the care they need. However, the price of nursing facilities continues to rise, which is why many elders turn to Medicaid planning. Medicaid planning can be beneficial for everyone, better preparing the family for eldercare while protecting assets from Medicaid costs.
Having a child with a developmental disorder comes with a lot of future planning. Since your bundle of joy was little, you had to think about the “what ifs.” Planning for the future can be tough, but that’s where we can step in and assist with creating a plan. There are many different parts to planning especially additional estate planning and including a trust. Here is some information on what should go into crafting your planning.
As you or a loved one gets older, you realize how expensive health care can really be. It gets to be a handful with all the different forms to fill out and people that you need to speak on your behalf when it comes to medical decisions. Taking the time to meet with an elder law attorney to go over your health care proxy form and the questions you have will help ease the process.
There are many different parts to elder law, probate court and administration are just parts of it. When it comes to the different aspects of elder law, it can be a little overwhelming with all of the information being provided for you. In this article, we’ll go over estate planning and how probate court and administration are involved in the process. If you have more questions and need assistance, please reach out to me and we can go over it together.
I work with my clients to decide between writing up a trust or a will. I make it my goal to sit down with you or your loved ones to go through the process to choose which one is best for you. Learn more about the difference between the two: I am happy to sit down with you to discuss your options.
As you or your loved one gets older, taking care of payments for healthcare can get expensive especially when there are bills for so many different things. When you are going through this whether directly, or indirectly, you want to be sure someone is there for you along the way. I will advocate on your behalf to ensure that your money is being used correctly. I know the ins and outs of Medicaid, and I can set up a plan. I often work with individuals and their families to plan out the best way to use their money.
I often work with families who need to determine the power of attorney (POA) for themselves or a loved one. I have found that most of the time they are unsure of what a POA does, or how to choose the right person for this responsibility. It is important to sit down with a trusted elder law representative, so you are comfortable with this document, and all your questions are answered.