Planning your estate is a very important element of planning for your future. Call (208) 472-2383 to speak to Boise Estate Planning Attorneys at Kershisnik Law today.
People often think that the elements of estate planning only consist of writing your will, creating a trust and establishing a personal representative to direct and administer your estate during probate. While these are important elements of estate planning, it is also critical to think about your future in terms of elder law issues.
What I mean by elder law issues is will you be cared for in a nursing home, hospice or will you stay in your own home? While we may all want to stay in our own homes, ultimately we may not be able to do that. We may have to go to a nursing home. Nursing homes can be very expensive and can drain the value of your estate very quickly. While this sounds frightening, it can be prevented. There are insurance policies available for long term care in a nursing facility. They can include care for assisted living as well as more round the clock care as is provided in a traditional nursing home.
Estate planning is designed for wealth preservation, however, you cannot preserve your wealth if you need to spend any length of time in a nursing home. Estate Planning Attorneys sometimes overlook this obvious detail of estate planning. No one wants to spend a ton of money on insurance but insurance can be a very important factor in wealth preservation.
If you need to plan your estate and want to speak to a Boise Estate Planning Attorney or if you need to probate an estate and want to talk with a Boise Probate Lawyer, give us a call today, (208) 472-2383.
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