Using A Well-Thought-Out Estate Plan to Preserve Independence

How can a well-thought-out estate plan preserve independence?

Pretty much every client I have worked with over the years in my elder law practice in the Atlanta area has expressed the desire to remain independent as long as possible. An estate plan can help make that happen.

The idea of independence for seniors includes more than merely being able to remain in one’s own home instead of an assisted living facility.

Independence as it relates to elder law also includes having financial affairs – via your estate plan – handled in the same way you’ve handled your financial affairs and estate throughout your life. It also means your assets are distributed according to your desires (an asset management plan) and that your long-term care is provided according to your wishes.

Independence Via An Estate Plan?

Even though this is a common desire, it is not common for people to take the actions that will assure their desires are met in the form of a well-thought-out estate plan with asset management included.

That next crucial step requires creating a well-thought-out estate and asset protection plan that includes provisions for long-term care. In order to maintain your independence, you must have a plan in place. This is true no matter how young or old you are.

We have been witnessing the untimely deaths of far too many young people due to COVID-19, many of whom most likely never considered end-of-life planning. I just read about a 20-year old college student found dead in her dorm in Indiana from COVID-19. None of us knows when our time on this earth will be up. And these days even most college students have valuable assets that they would want distributed in particular ways to their loved ones.

Independence is something we each long for from the time we are teenagers and all the way through to our death. An estate plan that incorporates asset management is a way to help protect that.

We love doing things the way we want to do them. With a well-thought-out estate plan in place, your chances of enjoying independence through to your last breath is a dream you can make come true.

Looking to find an experienced estate lawyer in the Georgia area who is skilled in asset protection and estate plan preparation? Shannon Pawley is an attorney in Georgia with expertise in estate planning and asset protection. Shannon can provide assistance with creating an estate plan to include making a will and how to establish a trust properly. If you have questions about asset protection or questions about making an estate plan, reach out to Shannon and she will be glad to help answer all the estate planning questions you might have!