Wills are legal documents that outline how you want your assets distributed in the event of your death. These legal documents are often used to name an executor, name guardians for children, serve as a backup to a living trust, outline how debts will be paid and provide for pets. In order for a will to be valid, you must be of sound mind, sign the document and have the document signed by two witnesses. Often, elder law is intertwined with estate planning for seniors. Elder law encompasses many facets of law, including the transfer of assets when a spouse enters a nursing home, Medicaid, guardianship’s, elder abuse, health directives and long-term planning for placement in a nursing home.
Types of Wills: Attorney Donald J. LaGrega
There are many types of wills, and it’s important to have one that meets your needs and wants. Living wills don’t distribute assets after your death. This type of will outlines instructions for what type of medical treatment you want should become incapacitated. For example, it will include if you want to be resuscitated if you stop breathing or whether or not you want to be put on a respirator. Statutory wills are simple and work well for those with small estates. Contingent wills specify provisions that are only valid if an event happens, such as a designated beneficiary reaching a specific age. The types of couple’s wills include reciprocal, joint and mutual. Attorney Donald J. La Grega helps clients choose a will that is appropriate for their circumstances and one that aligns with their wishes.
Elder Law Issues: The Law Office of Donald J. LaGrega
As an experience elder law attorney, Donald J. LaGrega can help in many areas. With estate planning, he can plan for a minor child with special needs, assist with probate proceedings, help locate long-term care facilities, create a durable power of attorney, set up a legal guardian and assist with filing nursing home claims. Not only can attorney Donald J. LaGrega handle important financial and estate planning matters for seniors, he can also take manage of day-to-day issues affecting the actual care of seniors, such as assisted living facilities.
Whether you have a small or large estate, it’s important to have a valid will in place. This way you can control what happens to your estate after your death and provide for loved ones.