Planning Ahead
Estate Planning
While no one is exempt from the potential for requiring additional assistance or extended medical care in their senior years, surprisingly few adequately plan appropriately for such an event.
Adequate estate planning not only involves preparing for the financial impact of treating a long term disability but assists family and friends in making the appropriate health care decisions in the event that someone they love becomes incapacitated.
Probably the first and most important step in any estate plan is getting good advice, usually from an attorney or financial planner and a medical professional. Together, goals can be set, assets can be protected and important decisions can be made regarding care expectations.
For more information about effective estate planning, contact a certified financial planner or attorney as well as a medical advisor.
Marquis Companies and any parties or persons involved in any aspect of its production are not responsible for errors and omissions in information provide on this site, or for any actions resulting from its use.
While Marquis Companies will attempt in good faith to provide link access to other sites of relevance on senior issues, it is not responsible in any way for information contained in those sites, or for any actions resulting from its use.
Probably the first and most important step in any estate plan is getting good advice, usually from an attorney or financial planner and a medical professional. Together, goals can be set, assets can be protected and important decisions can be made regarding care expectations.
A good estate plan, in general terms, will accomplish all of the following:
- Provide instructions for care in the event of disability.
- Avoid probate and its associated costs and inconveniences.
- Minimize taxes and legal fees.
- Protect assets from the high costs of long-term care.
- Ensure that loved ones receive the intended estate.
For more information about effective estate planning, contact a certified financial planner or attorney as well as a medical advisor.
Disclaimer
Marquis Companies makes every effort to provide information that is accurate, up to date and useful. However, this material is intended only as a public service and should under no circumstances be considered a substitute for medical consultation or legal counsel.Marquis Companies and any parties or persons involved in any aspect of its production are not responsible for errors and omissions in information provide on this site, or for any actions resulting from its use.
While Marquis Companies will attempt in good faith to provide link access to other sites of relevance on senior issues, it is not responsible in any way for information contained in those sites, or for any actions resulting from its use.
