In the same way that you have to prepare for physical storms of life, such as hurricanes, high winds, and snow storms, you have to be prepared for the other storms in life. Those storms can include stroke, dementia, heart attack, mental disability, your children’s divorce, car wreck law suits, and law suits by tenants... [Read More]
Tag: dementia
Plan for Mental Disability
You are six times more likely to become mentally disabled in a year than to pass on. Estate Planning is about planning for as many contingencies as possible. Mental decline, dementia, Alzheimer’s, or some other version of mental decline seems to be growing as we age. In a Revocable Living Trust a/k/a Living Trust, you... [Read More]
Your Living Trust and Dementia or Alzheimer’s
You can plan within your Living Trust to remain in control in the event you become mentally incapacitated by dementia or Alzheimer’s. You can plan for Mental Disability in the form of having a panel which would consist of a physician and family members or friends to decide if they need to turn on the... [Read More]
Mike Wallace Died Saturday—He Had Dementia
Most people don’t want to plan for their inevitable death, let alone dementia. You can plan within your Living Trust for mental incapacity. You set the panel who decides when it is needed. You choose the doctor and which trusted loved ones turn on the mental disability provisions. Who do your assets pay for if... [Read More]