Estate Planning In Chicago

Most of today’s modern popular media is focused on the young; advertisements, television shows, new box office hit movies, video games, cell phone apps, and even the news. Newspapers are dying out, being replaced by online articles written in a hip young style to attract millennial readers. The only things you hear about being targeted towards the elderly are pharmaceutical ads and life insurance commercials. Unfortunately, many people do not particularly care about the rights of the elderly since they are no longer relevant in popular media, but that does not mean that they should be bullied around by family members or children when it comes to estate planning. This article from CNBC goes over a variety of ways that you can be sure your last will and testament are airtight.

The first point the article addresses is being sure that you have a pre planned funeral that is already paid for. This is definitely important, since if there are no pre planned arrangements, your family may panic in their grief and select an option that may be much too expensive, or even unfavorable to your tastes. In order to make sure your body is treated properly and respected after death, having a funeral arranged can protect you and your family. You can also set up a committee of family members to manage your revocable trust. They can help you determine when you no longer have the mental capabilities to continue donating to the trust, and this can avoid a humiliating court battle for adult guardianship and allow you to keep your dignity, assuming you trust the family members you appoint. The article also states that having multiple probate litigation lawyers work on an estate plan for both you and your spouse can provide extra protection from predatory family members who may wish to subvert your plans. The fourth tip to ensuring you will be protected is to never underestimate how long you might live after retirement. Medical advancements are being made every day, and the population is living longer and longer. Unfortunately, medical treatments are also more and more expensive, so living frugally and making sure you have enough money to last through many more years than you expect you need is a priority. If you do not allocate your retirement funds properly, you may find yourself in a situation where you are transferred to a nursing home against your will.

Our elderly population is large in the United States, and it important to provide these citizens with the respect they deserve, both as citizens and as human beings. Protecting yourself in your old age with the proper legal aids can mean all the difference in a world in an age that always looks forward to the future, without regarding the past. The elderly helped shape this country, and we must make their last years as comfortable as possible, especially if we wish to be given the same treatment when we ourselves reach that point.

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