The three basic documents in estate planning are the Last Will and Testament, Health Care Power of Attorney, and Financial Power of Attorney. Each of these documents allows you to choose a trusted “fiduciary” to carry out your wishes. In some families, a Special Needs Trust can be used to assure the future financial needs of an individual with disabilities while maintaining their eligibility for government benefit programs.
An AEL attorney can meet with you to review your estate planning needs and prepare documents to meet those needs–with particular emphasis on preserving the assets of seniors who might need long-term care (assisted living or nursing home) in the future.