Estate planning and administration commentators — ranging widely from financial advisers and accountants to economic journalists and attorneys who work intimately with clients in this singular and important legal realm — routinely note a fundamental fallacy regarding the topic.
And that is this: that for the most part it applies narrowly to only one tiny and discrete demographic, namely, older individuals and families who have had ample time to build wealth and now need to take actions to safeguard assets, lawfully avoid taxes and provide for heirs.
In fact, sound planning makes optimal sense for many groups, including newly married younger couples just starting families.
Having said that, though, there is indeed an obvious and close tie between seniors and planning, because older Americans in Ohio and everywhere else across the country have singular issues and concerns to deal with.
Like qualifying for government benefit programs such as Medicare and Medicaid, for example. Like readying themselves for the potential that nursing home care or some form of assisted living arrangement might be required at a future point. And like taking steps to ensure that won’t be targeted by scammers and become victims of various types of fraud.
The attorneys at Gottschlich & Portune, LLP, in Dayton work regularly with senior clients and their families to help them create tightly tailored and sound estate plans that deal with age-related and attendant concerns in an integrated fashion that seeks to promote best interests in a truly comprehensive way.
Our estate law practice area is a dynamic and deeply important component of our law practice. We note on our website that our attorneys “are dedicated to delivering solutions to ease [senior-related] anxieties and give older clients and their family members greater confidence in the future.”
There are many proven strategies we employ on behalf of our diverse estate clients to do precisely that. We greatly welcome contacts to the firm and the opportunity to discuss how well-considered and implemented estate planning can breed confidence in the future.