Top 10 Scariest Estate Planning and Elder Law Topics

 

Top 10 Scariest Estate Planning and Elder Law Topics

10. The Invisible Assets – A big part of asset protection is making sure you have updated beneficiary designations. This is often overlooked and can have truly hair-raising consequences. Read more here.
9. The Illinois Chainsaw Massacre: Who Will Survive and What Will Be Left of Them? – Dave says it a lot, “Bad estate planning breaks up good families.” Our firm sees it all the time, and it is devastating. The good news? There are steps you can take to Avoid an Estate Battle After You’re Gone.
8. The Bad Seed – Helpers who take advantage of the situation or just don’t do their job are one of the scariest threats to a plan. Read about 7 Types of Helpers You Need to Watch Out For here.
7. The Curse of the Old Will – Do you remember the last time your will was updated? Or even where it is located? If not, you could be in for some real nightmares. Read the 7 Risks of an Old Will here.
6. Farm on a Haunted Hill – Losing the family farm is a true horror story for many, but it doesn’t have to be.
5. The Loved Ones – Watching your loved ones spend every dime they’ve worked so hard for on the exorbitant costs of nursing care can you make you feel like you’re living a nightmare. But, there are ways to Avoid Nursing Home Poverty.
4. Misery – Estate planning is fraught with dangers that can trip you up. Read about 6 Estate Planning Pitfalls to Avoid here.
3. Invasion of the Body Snatchers – When a stroke or dementia alters the way you have to live, a good plan can make sure your wishes will still be carried out. Read about why Every Estate Plan Needs a Good Helper here.
2. The Maddest Story Ever Told – Trying to qualify for Medicaid on your own could drive you crazy. It is a complex and bureaucratic process that is very difficult to accurately carry out without expertise. Help from an experienced elder law attorney will save time, money, resources and stress – as well as increasing your odds of approval.
1. A Nightmare on Probate Street – For many people, probate makes them feel like they’re watching their favorite horror movie. Probate costs time, money and stress (like many other estate planning problems), but there are things that can be done to make it easier or to avoid it altogether. Read more here.
As always, please feel free to call our office at 217-726-9200 or email Tarina@EdwardsGroupLLC.com if you have questions, need assistance or are wondering what your best next step should be. The greatest threat to an effective estate plan is NOT DOING ANYTHING. Avoid the horror stories above by taking action. Our FREE monthly workshops are a great, no-pressure way to get started.