Planning for chronic illness can be of great benefit for the future. You must address the issues at hand and then tailor them to the current situation you are in. You must have a plan prepared in advance before death to deal with the many legal and financial situations your family members will likely deal with in the event of your death. Here are some tips to ensure safety for your estate:
- Be very cautious when you decide to designate this position.
- You must take into account all future situations and occurrences.
- Certain customs and traditions may play a role in many people’s estate wishes following death.
- If you have a very serious debilitating disease, your life span is significantly altered.
- Your estate is being given to a good and respectable cause.- Also the amount you donate funds research for a cure for that specific disease.
The above is a summary of a TV show episode on Piscataway Community Television Network, in Edison, New Jersey, and his guest Martin M. Shenkman, Esq. an estate planner in Paramus, New Jersey. Listen to the video clip of this segment on www.laweasy.com for more financial tips.
Law Made Easy Press® provides practical and legal, tax, estate and financial information for educational purposes only. The goal is to help you best work with your professionals to save costs, and to obtain better service and results as an informed consumer. There is no assurance that the laws or sample documents are current, that the forms will achieve the desired goal in all circumstances. Laws change frequently and vary from location. Therefore, you should always consult with a local attorney, accountant, or other expert.
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