There are a myriad of legal strategies you might consider implementing as you design your estate plan. Regardless, there are a handful of “must have” estate planning documents you must create before anything else.
You should have: (i) a will ,(ii) a health care directive. (iii) financial and health care (iv) a legal authorisation (v) a trust.
Elder Law & Medicaid
It defies both common sense and a basic sense of personal responsibility, that some people do not appreciate just how valuable disability insurance. Otherwise, where will you come up with the cash flow to provide for yourself and your loved ones, if you are seriously injured or stricken with a disease that prevents you from going to work and earning your salary?
Probate & Trust Administration
There can be terrific grief and pain at the loss of a loved one. Beyond grief and pain, when you add external stresses to the equation, you can have a disaster on your hands in very short order.Part of the responsibilities or duties of an executor or administrator of an estate can be to reduce the level of stress during the probate process.
One of the hardest things to know about Veteran’s Benefits is that there are so many things that you possibly do not know. Accordingly, the best approach is to gather up all of your paperwork and spend some time discussing the situation with an attorney experienced in this area. It is essential that you have skilled legal counsel who has been through this arduous government process numerous times.