When Best Laid Plans Go Astray

When most people plan for their senior years, they mostly think about a will that specifies how their assets will be distributed upon their death.

But there are other things to think about as well, such as what will happen if you have a stroke, develop a serious illness or become incapacitated?

What should you or your loved ones have in place in those circumstances?

It is extremely important to consider and plan for serious illness, not just death. While we are living longer, that doesn’t always mean we are living healthier. Stroke, complications from diabetes or osteoporosis can lead to nursing home placement. A legal plan must be established with the help of an elder law attorney when a person is healthy so that a difficult situation doesn’t become more difficult when illness or incapacitation occur.

Here are some suggestions for how you can plan ahead for serious illness:

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What do you know about Elder and Special Needs Law?

In order to eliminate problems and excess administrative work for your children and heirs, a bit of planning on your part is helpful. Choose now what you want to do with your assets and create a will, get help with legal agreements, living wills, trusts, etc. In order to do this, you may want to consult an elder law attorney. If you have children with disabilities and you are worried about their care after you are gone, an attorney practicing Special Needs Planning would be a wise choice.

Legal issues that affect people as they age and people with special needs are growing. Our laws are becoming more complex, and each state has different laws. Actions taken with regard to a single matter may have unintended legal effects. It is important that lawyers working with seniors, people with special needs, and their families, have a thorough understanding of the laws that may have an impact on a given situation to avoid future problems. Elder Law and Special Needs Planning encompass many different fields of law. Here are some samples:

Continue Reading What do you know about Elder and Special Needs Law?