FACING THE LEGAL CHALLENGES OF THE SANDWICH GENERATION FALL 2012
FACING THE LEGAL CHALLENGES OF THE SANDWICH GENERATION
FALL 2012
John Montagu, 4th Earl of Sandwich
THE SANDWICH GENERATION
John Montagu, 11th Earl of Sandwich
HAVING A WRITTEN PLAN
• Control of Administration and Distribution• Disinheritance• Planned Giving
POWERS OF ATTORNEY
• Durable Power of Attorney• Patient Advocate Designation• HIPAA Release
• GuardianshipoCourt appointedoMedical careoFood, clothing, shelter needs
• ConservatorshipoCourt appointedoFinancial issues
NO WRITTEN PLAN IN PLACE…
• Long Term Care Planning • Medicaid Planning• Veteran’s Benefits• Abuse and Neglect Issues
LONG TERM CARE
DON’T FORGET ABOUT YOU AND YOUR CHILDREN
Protection for minor children:• Guardian• Conservator• Testamentary Trust • Special Needs
TAKE ACTION – DON’T WAIT
• Make sure estate planning documents are up to date
• Review plans annually
• Don’t try to do this yourself
Presented by:
HOWARD H. COLLENS
GALLOWAY AND COLLENS, PLLC
26075 WOODWARD AVENUE
SUITE 200
HUNTINGTON WOODS, MICHIGAN 48070
(248) 545-2500
GALLOWAYCOLLENS.COM
[email protected]: @howardcollens