TAKE 60 SECONDS TO ANSWER THESE QUICK QUESTIONS:

YES or NO  I have a current Living Will which expresses in writing my wishes concerning life-sustaining treatment or death-delaying procedures.

YES or NO   I have a Health Care Power of Attorney or Health Care Surrogate to permit my spouse, children, or other designated person to make health care decisions for me in the event I am unable to make those decisions myself.

YES or NO  I am confident that my current estate plan protects me from unnecessary placement in a nursing home and provides clear instructions for care in my own home.

YES or NO  I have a Living Trust in place as part of my estate plan so my family can avoid the delays and expenses of probate.

YES or NO   I am comfortable that my estate plan will allow my family to avoid costly guardianship court proceedings.

YES or NO  I am confident that my current plan protects my surviving spouse and children from creditors, lawsuits, and failed marriages.

YES or NO  I am confident that my current estate plan has taken into consideration any potential federal estate tax consequences at my death.

YES or NO  I have taken steps to protect my children’s inheritance in the event my surviving spouse chooses to remarry after my death.

YES or NO   I am confident that my current estate plan contains the documents necessary for my family to do Medicaid planning in the future and to help prevent the impoverishment of me or my spouse from the devastating effects of a long-term catastrophic illness and nursing home costs.

If you answered “No” to one or more of these questions, please give us a call or send us an e-mail to discuss how we can assist with your estate planning needs.

 Caravette & Associates, P.C.

312 540 1600

contact@caravette.com

(Note: The information in this article is intended to be general in nature. Plan to discuss your particular circumstances with an attorney for how this might apply to you.)