Estate planning for the elderly involves far more than the tax planning of conventional trust and estate planning. Elderly clients are often motivated by fears of outliving their assets, the need to make advance medical decisions about their health care, funding long-term care at home or in a nursing facility, and helping provide for the education of grandchildren. In addition, elderly clients divorce and remarry late in life, greatly complicating planning. There is also the increasingly pervasive challenge of working with clients with diminished capacity – or finding a way to work at the direction of their heirs or fiduciaries. This program will provide you with a real-world guide to multi-faceted planning for the elderly, including planning with revocable living trusts, significant health care and maintenance issues, late-in-life divorces and remarriages, and working with clients with diminished capacity.
· Drafting advanced medical directives and the use of health care surrogates
· Disability and planning for long-term care
· Role of public benefits – SSI, Medicare, Medicaid – and asset protection trusts
· Conservators, guardians, and property managers
· Planning for the tuition and educational expenses of grandchildren
Missia H. Vaselaney, Taft, Stettinius & Hollister, LLP - Cleveland, Ohio
Michael Sneeringer, Porter Wright Morris & Arthur LLP, - Naples, Florida