We would like to draw your attention to the fact that the week of October 20th through the 26th is National Estate Planning Awareness Week. This week is very important, because most people in the United States are unprepared for something that is definitely going to happen.
There are various different reasons why so many individuals are unprepared. A lack of understanding is one of the primary causes. Too many people simply don’t understand why estate planning is important, and this is why awareness is key.
Our firm makes a concerted effort to educate people in a number of different ways. This blog is utilized to provide a steady stream of useful information. Plus, we contribute to the Forbes.com website. You can obtain a great deal of very valuable information if you digest our content.
In addition to the blog and the Forbes contributions, we have assembled a rather extensive electronic library of special reports. You can obtain access to these reports through this website.
These reports will answer most of your estate planning and elder law questions, and they are yours free of charge. To peruse our offerings, visit this page: Estate Planning and Elder Law Reports.
Estate Planning Seminars
To support National Estate Planning Awareness Week, we have scheduled four estate planning seminars during this important week. These seminars will specifically focus on living trusts and Medicaid asset protection.
Living trusts are very useful for a wide range of people, because they facilitate asset transfers outside of probate. This is a legal process that can be expensive, and it is quite time-consuming. If you use a last will rather than a living trust, your heirs will not receive their inheritances until after the court has probated and closed the estate.
Medicaid asset protection is important because Medicare will not pay for long-term care. Most seniors will eventually need help with their activities of daily living, and long-term care is very expensive.
Medicaid will pay for living assistance, but it is a need-based program. People who want to qualify for Medicaid typically divest themselves of assets. However, you must complete the divestitures at least five years before you apply, or your application will be denied initially.
The seminars will provide you with detailed information about living trusts and Medicaid asset protection, and you will have the opportunity to ask questions.
Though the seminars are free to attend, we do ask that you register in advance, because space is limited. To see the entire seminar schedule, visit this page: Long Island NY Estate Planning Seminars.
If you would like to take things a step further, feel free to contact us through this page to request a free consultation: Smithtown NY Estate Planning Attorney.