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Does the Thought of Estate Planning Overwhelm You?

Dana Perry

Dana Perry

Many people delay estate planning conversations because they are overwhelmed or feel the process is too emotional. It doesn’t have to be. There is also a general misconception that you have to be wealthy to require estate planning. This isn’t true. Proper planning can help eliminate or decrease concerns and uncertainty for you and your loved ones.

Being prepared and having a plan with proper documentation in place, in early life, will help ensure your well-being and assets are managed according to your wishes should you become incapacitated or at end-of-life. There are other areas of estate planning you should consider depending on your unique situation. Some of these include:

  • Is there a family member with special needs? Do you have special needs?
  • What are the financial issues facing the elderly?
  • What if you need long-term care? How should you plan?
  • How do Medicaid and Medicare affect me and my estate?
  • How do my VA benefits and Medicare relate, or do they?
  • What are the rules on gifting?
  • Is a trust necessary if I have little wealth?
  • Do I really need a Will, Power of Attorney, etc.?

Estate planning is necessary for people at all income levels. Being prepared and informed on the topics above will allow you to live life knowing your affairs are in order and you have maintained a proactive approach to your well-being.

Join us for our Estate Planning Seminar on Wednesday, March 5, 12:00-1:00 p.m. in the River Room of the Omniplex at Chattanooga State. Please RSVP to this complimentary Brown Bag Series by March 1st.

Dana Perry concentrates her practice on estate planning, special needs planning and elder law. Dana has a hands-on approach helping clients provide for their family’s future security and protect their assets through creative planning. Additional areas of focus include long-term care planning, navigating the Medicaid rules, veterans’ benefits planning, multi-generational trust planning and drafting and administering supplemental needs trusts. An active community leader, we are pleased to have Dana serving on Chattanooga State‘s voluntary Professional Planned Giving Advisory Committee.

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