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Do your estate plans include long-term care plans?

| May 18, 2018 | Uncategorized

Whether you have yet to start your estate plans or to review and update your plans for the season, there is a good possibility that they may not be as iron-clad as you believe. Guess what? You are not the only one. According to CNBC.com, at least 40 percent of seniors have left gaps in their estate plans that could leave them vulnerable in the event of incapacitation and other life-changing events. 

One of the main benefits of estate plans is to ensure your assets pass on to your loved ones with minimal issues in Fayetteville. Here are a few things to take into consideration to prevent financial troubles with your loved ones. 

What are your long-term care needs? 

You may be in the best of health now, but things can change and unexpected events could cause you to need medical and senior care before you die. Your loved ones may mean well and claim they will make sure you are treated the way you want now, but how can you enforce them if you are not of sound mind or unable to speak up. Estate plans, such as advanced directives, powers of attorney for financial and health care and other estate planning documents can preserve your wishes and ensure your quality of life. 

Death and illness are not pleasant topics. But, it is essential for you to think of them and their potential ramifications to get your estate plans done right. Do not rush through them. Go over them carefully and talk to your loved ones to ensure you do not overlook anything. The sooner you cover your bases with estate planning, the better off you and your loved ones will be.

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Gramling Estes Law Firm

OFFICE LOCATION:

Gramling Estes Law Firm
One East Center #140
PO Drawer 3883
Fayetteville, AR 72701

Phone: 479-521-4444
Fax: 479-521-6730

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