Naples Estate Planning
Hear directly from Board Certified Attorney Jill Burzynski on this topic in Ask the Expert.
Your estate planning documents are tools to be used as a part of your long term care plan. The traditional approach of providing documents focusing on distributing assets to loved ones upon death ignores the very real possibility of a long term care crisis. We work with many clients who have estate planning documents currently in place who have never considered what would happen if chronic illness strikes and long term care is needed. Some of these documents eliminate possibilities for asset protection planning and these documents may not be able to be changed when the long term care crisis hits.
We find that planning for what happens to assets upon death is the very easiest part of the process. We explore with our clients a number of estate planning tools in light of the goals of the individual client. These tools include:
- Last Wills and Testaments
- Durable Powers of Attorneys
- Advance Directive for Healthcare
- Revocable Living Trusts including joint trusts with crisis asset protection provisions
- Wills with Qualified Special Needs Trusts for caregiver spouses
- Irrevocable Trusts for Asset Protection Planning
Appropriate estate planning is critical when a person has early dementia so that appropriate protections can be put in place.