${site.data.firmName}${SEMFirmNameAlt}
Throughout Southern California
310-324-9403
Toll-Free
866-402-1805
<#if page.ID == "About"> In This Section
<#else> View Our Practice Areas

Elder Care Planning For The Unknown

Elder planning deals with protecting assets while you're still alive and perhaps unable to make good decisions. Having someone who is suffering from Alzheimer's and unable to make decisions is like a living death, for all parties.

Much of our planning is done for the unknown. We don't know what lies ahead, so having a plan in place is one way of easing the stress of not knowing what the future holds.

In a recent Forbes article titled "Staring Down The Barrel Of A Gun: When Alzheimer's Strikes," the couple featured in the article did save a solid amount of assets for retirement, but they didn't consider the need for long-term care and how it would impact their wealth.

Pam was worried about her financial assets and whether they were properly managed; this became her goal, despite all of the issues with her husband's diagnosis.

The most important first step was to call an elder care attorney who specializes in setting up a framework to protect her from what was potentially a financial nightmare. An elder care attorney is engaged to protect your assets using legal strategies that are available when an individual needs long-term care or has special needs.

In this story, without the help of an elder care attorney, the wife would be without the funds necessary to care for her husband.

These types of stories are common and tragic-blended families have numerous challenges and those should be discussed while everyone is still healthy and able to make decisions. That means you need to consider both estate and elder planning.

Estate planning allows a person to specify his or her wishes for how their assets are to be distributed after their death. Elder planning deals with protecting assets while you're still living and possibly unable to make sound decisions.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard Street
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map