Update Your Legal Documents Its Important!
• Do your documents address our digital age, the new laws, and the undisputable fact that we are living longer, but not healthier lives?
• Are your assets properly “tied” or “funded” in your Trust?
• Do you have the right beneficiaries on your IRA’s and other retirement assets?
• Do you still have the right type of trust given new chapters in your life?
• Are the people you previously named as trusted persons with legal authority still important in your life?
• And, importantly, do your documents give trusted persons the legal authority to make decisions for you in the event that you become incapacitated?
I meet with people every day who have old and out-of-date estate planning documents. Those documents must be updated to provide the protection they need, address our new laws, and reflect current choices and preferences. Most importantly, I meet with people and their families who are concerned that their memories are failing, that they need care or assistance in the home, or who recently received a diagnosis of Alzheimer’s Disease or Mild Cognitive Impairment. Although we hate to think about it, every person should plan for the possibility of incapacity, and in doing so, our legal documents must include instruction and legal direction for that possibility. Our documents should address medical advocacy, HIPAA releases, and the ability for a trusted person to make health and financial decisions for us if we cannot. Additionally, the ability to protect assets if skilled nursing care is required is critical, especially if there is a spouse.
Make sure your legal documents address what the statistics show – that incapacity is on the rise, the cost of care is skyrocketing, and the cost of handling chronic diseases such as dementia can easily bankrupt a family. Make sure your legal documents reflect what you want, who you want, and how you want it – now, not 15 years ago. Everyone needs appropriate and up-to-date legal documents to ensure they are protected.
For more information, please contact the McNamara Law Firm, PC at 661-287-3260, or visit www.theMcNamaraLawFirm.com.
ADVERTISE WITH US
SCV élite Magazine is Our Sister Publication
It is Santa Clarita’s premier lifestyle publication, dedicated to showcasing the people, places and experiences that define elevated living in our community. Reaching 50,000 homes and businesses throughout the Santa Clarita Valley, élite offers a refined and...
Schools Out For Summer! – The Law Offices of Steven B. Chroman
That used to be the anthem we blasted on our radios as loud as can be…now the tune can equate fear in two household families. I think the most difficult part of summer break is unilateral for all parents; keeping your children occupied. Twice as hard when you have to...
What You’re Not Told After an Accident: Why Insurance Conversations Aren’t Always What They Seem – Trevino Law Firm
After an accident, most people do what they believe is the right next step. They report the incident, speak with insurance, and assume the process will move forward fairly from there.In many cases, it does begin that way. What is less clear is how much those early...
ABOUT THE MAGAZINE
Santa Clarita Magazine has set a high standard for excellence in advertising for over 36 years. A family owned and operated business, Santa Clarita Magazine has grown with the Santa Clarita Valley since 1990 and become the #1 place to advertise locally.
FOLLOW US
SANTA CLARITA MAGAZINE
PO Box 801570
Valencia Ca 91380
For Advertising information
Call or Text: 1 (661) 294-4444