A recently published article makes the claim that "estate planning is dead." The author isn't arguing that people in Georgia or elsewhere should disregard the need for an estate plan. However, a strong argument is made that a fresh approach to estate planning could be beneficial. This augmented approach is called "legacy planning," and asks individuals to consider how their wills, trusts and other estate planning vehicles support their larger goals.
For many Georgia residents, remaining in their home as they age is a top priority. With proper planning, that can be a reality for some. Medicaid planning is an important part of preparing for the future, as individuals must not exceed certain asset thresholds in order to qualify for Medicaid. When planning ahead, app-based transportation services like Uber and Lyft could also be a critical part of maintaining independence.
Few families relish the thought of sitting down to begin discussing how to assist loved ones as they age. That's one reason why so many Georgia families fail to put long-term elder care planning into place. Unfortunately, failing to address this need can lead to disastrous consequences for aging family members.
Growing older brings numerous responsibilities, many of which pertain to ensuring that the financial groundwork has been laid for a secure retirement. For some in Georgia, that means Medicaid planning. Looking ahead and making wise decisions regarding Medicaid funding is important, especially for senior citizens who are single.
Perhaps your mother has recently died, and you feel surprised to learn that she left $15,000 to her caregiver. You wonder if the caregiver may have pressured your mother in some way. Or maybe you are drawing up your will, and you would like to leave something to your valued caregiver. Is that all right?