How Thorough Estate Planning Can Help Your Aging Parents

Estate Planning and Elder Law Attorneys Palm Beach County, FL

Statistics have consistently shown that fewer than half of all Americans have a written Will. Fewer still have a documented, comprehensive estate plan that addresses all their needs, wishes and goals.

While everyone 18 and older should have a documented estate plan, the need for both estate planning and elder law for America’s aging population has come into increased and crucial focus in recent years.

Detailed estate planning, coupled with appropriate and highly personalized elder law measures, can help aging Americans and their families confront the issues most relevant to their unique situations.

For older or retired Floridians who do not yet have a documented estate plan, some of the recommended steps to begin that process:

* Creation of an estate plan that includes a Will, Advance Healthcare Directives, Powers of Attorney and, where applicable, one or more Trusts

* Beneficiary designations for financial accounts, such as investment and retirement accounts

* Guardianship and Incapacity Planning

* Medicaid Planning and Long-Term Care Planning

* Asset Protection measures

* Detailed and documented Business Succession Plans for those who own their own businesses

* Domicile Planning if you have recently become a permanent Florida resident

At Kitroser Lewis & Mighdoll, our highly capable and compassionate team of attorneys and staff offer decades of experience in all aspects of Estate Planning and Elder Law, to provide our clients with legal protections unique to their personal situations.

We look forward to working with you soon. We Are Your Family’s Lawyers

North Palm Beach Office 561-721-0600

Jensen Beach Office: 772-763-1400