The most important action a person can take when planning for their golden years is to engage in estate planning. Everyone will pass away, and it is important to assist yourself and your family in making your wishes known as to the disposition of your property. Even more important, is considering who will manage your assets and make health care decisions for you if you become incapacitated but are still alive. Good estate planning should take this into account and a basic health care proxy and power of attorney should be put in place to deal with this possibility.
More advanced planning may also be necessary or preferable. This can include implementing various types of trusts, preparing for a potential Medicaid filing, and/or examining tax issues in connection with retirement assets. My office can help with:
Please contact me at 201-773-8914 for more information.