The truth is, everyone needs an estate plan! While most people already know they should have a Will, Estate Planning means much more than just preparing a Last Will & Testament or tax planning for the disposition of your assets upon your death! Any complete Estate Plan should include a Will, along with a Health Care Power of Attorney (which names an agent and an alternative agent responsible for medical decision-making) and a Durable Financial Power of Attorney naming an agent (and an alternate) responsible for asset and financial management if one is unable to do such things for oneself. A Living Will, or other Advance Medical Directive, gives instructions concerning the type of care one wishes to receive or avoid in the event of a terminal illness. Along with a Digital Diary, these documents are the 5 important estate planning documents that everyone should have in place by age 55! This important and informative seminar goes over the basics that everyone should consider to protect themselves and their family regardless of age for the future.
Are you prepared? In far too many instances, the costs of long-term care quickly wipe out a lifetime of savings as the cost can easily reach upwards of $80,000 or more a year!
Paying for nursing home care can easily and quickly cause you to liquidate your home, cash and all your assets before Medicaid will take effect. This seminar illustrates what can happen with and without proper planning. Meeting with an accredited Certified Elder Law Attorney like Mr. Haley (the only CELA® in Southside Virginia) can save you thousands of dollars!
Life Care Planning is a holistic, elder-centered approach to the practice of law that helps families respond to every challenge caused by chronic illness or disability of an elderly loved one. The goal of Life Care Planning is to promote and maintain the good health, safety, well-being, and quality of life of elders and their families. Elders and their families get access to a wider variety of options for care as well as knowledgeable guidance from a team of compassionate advisors who help them make the right choices about every aspect of their loved one's well-being.
The heart of the elder-centered law practice, a Life Care Plan defines, organizes, prioritizes, and mobilizes every aspect of an elder's care. In addition to traditional asset-focused elder law services such as Estate Planning, Asset Protection, and public benefits qualification, a Life Care Plan typically includes provisions for care coordination, family education, health care and financial decision-making, care advocacy, crisis intervention, support and other services. This presentation goes into how this service works, and how it can be beneficial for elders and their families.