Nobody wants incapacity, not for yourself and not for your loved ones. But planning for that possibility can avoid complications and increase options. The article discusses the elements of incapacity planning and the need for flexibility to do Medicaid planning. It discusses how a trust with Medicaid triggers can allow that. Incapacity Planning … [Read more...]
Documents to Include When Planning for Incapacity
Those who want to be comprehensively prepared for the future should be very practical and avoid wishful thinking. If you prepare for potentially challenging situations in advance you are doing what you can to control the fallout. With the above in mind you would do well to execute the appropriate incapacity planning documents when you are planning your estate. There is a distinct possibility that you will suffer a period of incapacity before passing away. This sometimes happens to people … [Read more...]
Incapacity Planning & the Celeste Holm Estate
The world of entertainment lost one of the greats recently when the versatile actress Celeste Holm passed away at the age of 95 in her apartment in Manhattan. Holm's career spanned a number of decades and she appeared on the silver screen, on the stage, and on television. She won an Oscar for Best Supporting Actress for the film Gentleman's Agreement in 1947. Subsequently she appeared on numerous different television shows including Cheers, Dr. Kildare, Falcon Crest, Fantasy Island, and Archie … [Read more...]
Positive Development on Alzheimer’s Front
Making sure that your financial house is in order is certainly at the root of estate planning as we all know. However, some people stop there and fail to see the total picture. Elderly individuals do not usually die without suffering some type of gradual decline. In many cases this can include a period of full or partial incapacitation. As a result, it is wise to consult with a good South Carolina estate planning attorney to make sure that you are preparing for all eventualities … [Read more...]
Incapacity Strikes Significant Percentage Of Elders
You have to be prepared for the possibility of incapacity if you want to plan ahead for the future in a comprehensive manner. This falls into the category of those instances when you hope for the best but make sure that you are ready for any challenges that may present themselves. There are those who don't take incapacity planning seriously because they are under the impression that it is very unlikely that they will ever become unable to make their own decisions. But when you put the matter … [Read more...]
