Trusts & Estate Planning
Our law firm has been helping Rochester residents with their Trusts & Estate Planning issues for years.
However, today’s seniors are much more active and independent and live so much longer than previous generations that they are encountering legal issues that even their parents did not have to deal with.
For years, it’s been a common practice for seniors to have a Will and do some Estate Planning so their assets could be passed on to their spouses and other beneficiaries.
But with the life expectancy in the U.S. at 78 years of age, seniors have so many more issues regarding their future-care that have to be considered with Estate Planning. A few examples of areas that seniors need to plan for now before disaster strikes are:
- Will I outlive my money?
- How do I avoid or minimize income and estate taxes?
- How can I leave the most to my children and grandchildren without losing control of my finances?
- Can I afford a nursing home or assisted living facility?
- How can I qualify for Medicaid?
- Do I need long term care insurance?
- What sort of legal strategies can protect my assets?
- Who will make financial and medical decisions for me if I become disabled?
Obviously many seniors don’t look forward to planning for their future demise. But the alternative, letting the State and Uncle Sam decide for you….is so much more unpleasant.
When you’re ready to discuss your future, call me at 585.352.7300.
