Estate Planning Isn’t Just for the Wealthy. Start Preparing Now.
Estate planning is considered by many to apply only to the wealthy and who have numerous assets. But preparing for the future is a common-sense habit for people of all income levels, and can save your loved ones in time and money in the long run. The current pandemic crisis has many people huddled down and looking at issues that had previously not occurred to them.
“Estate planning has become a generic term. It’s really how you handle your assets and transfer them from one generation to the next.” says Elder Law and Estate Planning attorney, Matthew Fedor. “Estate planning is really important for everybody, the less money you have, the more planning you should do.”
Fedor recently appeared on WDET 101.9 FM, Detroit NPR podcast, to answer questions and discuss the importance of estate planning, why it is important for everyone regardless of income level and why it should be explored early and often. Listen to the full podcast here.
COVID-19 Checklist & Elder Organizer Tool
For adult children responsible for their elderly parents and other senior caretakers concerned about protecting loved ones as the COVID-19 pandemic continues, below is a free downloadable checklist of steps to follow to prepare for any possible COVID-19-related illnesses among the most-vulnerable.
Foster Swift has created a free ‘Elder Organizer’ digital notebook to provide seniors and their caretakers with a toolkit that helps organize doctors’ appointments, medications, and more that can be shared online. The tools below are also available on the Elder Law Resources page.
- Did you Know?
- Dementia & Alzheimer's
- Long-Term Care
- VA Aid & Attendance
- Personal Property Tax
- Digital Assets
- Fraud & Abuse
- Senior Exploitation & Abuse
- Powers of Attorney
- Alerts and Updates
- Health Care Reform
- Medicaid Planning
- Elder Law
- Financing Long-term Care
- Estate Planning
- Legislative Updates
Need Help Planning?
For more tools, visit our Elder Law Resource page for additional content. Click here to view/download the Foster Swift estate planning brochure to see what our experienced team of attorneys can do for you.
E-book Covers Estate Planning Essentials
Engaging in estate planning, while essential, is often emotional and generates many questions. How do I protect my spouse and my children if something happens to me? What happens if I become disabled before I pass on? Who will take care of my pet after I'm gone? How do I pass my business on to my children? These questions and more are addressed in Jonathan David’s recently released e-book, “Estate Planning: You Have to Start in Order to Finish.”