Your will and trust(s) need to include details that go into effect if you become disabled for any reason. Without a plan that covers incapacity, a court may appoint somebody to oversee your personal and financial needs. Planning can allow you to choose who will help you, provide them with guidance, and impose limits or grant more than what a court might allow.
- A durable power of attorney names the person who can help you with your financial affairs or manage them for you.
- A healthcare proxy names the person who will help you with decisions about your medical care or make those decisions for you based on your instructions.
- A living will tells your family and your doctors what type of medical treatment you want during your final days of life.
Call our team today at 914-228-7448 or use our online form to schedule a consultation.
Planning for long-term care should also include the planning of wills
and trusts. A living trust is designed to manage the assets in the trust if you become disabled. A supplemental needs trust is designed to help a disabled, elderly, or handicapped person while not risking or reducing their eligibility and qualification to obtain private or public benefits, such as Medicaid. A supplemental needs trust also protects the assets in the trust from creditors’ claims.
Having a trust can affect your eligibility for Medicaid and other
benefits. With Parisi, Coan & Saccocio, PLLC you can rest assured that your trust will work for you without affecting your eligibility for benefits.
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Over 65-years collective experience in estate and trust planning, administration, litigation, and guardianship.
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