By Rick Law, Elder Law and Estate Planning Attorney At Law Elder Law, LLP. Senior Advocates providing Estate Plans, Wills and trusts, probate, guardianship, and much more in the Western Chicago suburb of Aurora, IL.
An Elder Law attorney is a lawyer who facilitates discussions about life, death, and disability.
This is not an easy task, because nobody really wants to talk about his or her own death.
People know that they are going to die….someday. But in their heart of hearts, most people have a hard time understanding that they are actually going to die. How else can we explain the fact that 85 percent of the adult population does not have a simple will, power of attorney, or health-care directive?
Even more importantly, most people do not plan for their incapacity because they do not believe that they will reach a point where they will not have the mental ability to be in control of their own finances or of their own decision making about their health care.
Most couples can expect that their health will track alongside of each other pretty much the same way from the ages of 20 to 60. They can expect to be primarily healthy and only experience acute care problems.
However, during the period from 60 to 80 years old, there is a good chance that one of the two is going to become incapacitated and one spouse is going to end up taking care of the other.
Spousal co-dependence can take a huge toll on the couple’s relationship and that of the family. As we all know, it’s impossible to plan for every contingency. Thankfully a comprehensive estate plan drafted by a qualified and experienced Elder Law attorney, can go a long way towards providing a semblance of security and certainty. In a world where the unknowns of our health and wellness can weigh on us heavily, a well crafted financial plan can help to ease your mind.
If you’re ready to start getting your estate in order and secure your assets for the “worst-case” scenario, please give our office a call at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now.
Rick L. Law, Attorney, Estate Planner for Retirees.
Rick was named the #1 Illinois elder law estate planning attorney by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law Elder Law, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care. Call 800-310-3100 for your free consultation now!