Planning for the future of an elderly loved one can be overwhelming when considering everything that’s involved, but a recent expert workshop offers helpful tips for anyone looking for answers.
Schneps Media, the parent company of the Long Island Press, recently held a webinar presentation called “Asset Protection and Elder Law Workshop,” which covered some important topics relating to elder care and planning. The webinar featured expert guest, Donna M. Stefans, Esq., AIF, the founder and lead estate & elder law attorney of Stefans Law Group PC, a top elder law firm on Long Island. She has repeatedly lent her expert consultation during Schneps Media webinars.
“This is a reality … at least 70 percent of people over 65 will need long-term care services and support sometime in their lives,” she said.
With the proper information, planning, and execution, your plans can be stress-free. Stefans stresses the four overarching topics of vital importance to prepare your family for any type of complication. She calls the topics The Fabulous 4: durable power of attorney, medical directives, last will and testament, and trust.
Important things such as a healthcare proxy, asset protection plans, or Social Security to name a few, can be tricky. Stefans provides comfort with her clear and concise explanations of everything necessary to cover. She also describes precautions for potential elder abuse fraud and other possible manipulations of loved ones.
The webinar covered the difference between a living will and a last will and testament to help prepare families to make the tough decisions when they eventually come up. The experts also spoke about long-term and geriatric care management to brace families for the unpleasant times that may arise. All of this plus many other questions were answered from commenters live during the webinar.
It’s never too early to start planning! For more information on how to protect yourself, your legacy, and your loved ones view the entire webinar right here.