Receiving a diagnosis of Alzheimer's disease can be a challenging and emotional experience, prompting individuals to reflect on their future and the legacy they wish to leave behind. At Leeson & Leeson in Pennsylvania, we understand the importance of addressing legal and financial matters promptly after an Alzheimer's diagnosis. For more information, you are welcome to call today and speak with a Bethlehem estate planning attorney.
Prompt Action is Key
After an Alzheimer's diagnosis, prompt action in organizing legal affairs is crucial. Waiting can lead to potential complications, making it more challenging to express wishes and preferences clearly. Leeson & Leeson guides clients through this sensitive process with empathy and efficiency.
Selecting a Trustworthy Executor
Choosing a reliable and trustworthy executor is a fundamental step in the estate planning process. This individual will be responsible for carrying out the wishes outlined in the will. Leeson & Leeson assists clients in selecting an executor who will handle their affairs with care and competence.
Power of Attorney and Healthcare
Establishing a durable power of attorney and healthcare proxy is essential in ensuring that someone you trust is legally empowered to make financial and medical decisions on your behalf. Leeson & Leeson provides guidance on selecting agents who will act in your best interests.
Individuals diagnosed with Alzheimer's may need to plan for potential incapacity. Designating a guardian for both personal and financial matters ensures that decisions align with your preferences. Leeson & Leeson assists clients in navigating the guardianship appointment process.
Clear Communication of Wishes
Clarity is paramount when communicating your wishes regarding the distribution of assets, medical treatment preferences, and end-of-life care. Leeson & Leeson facilitates open and compassionate conversations to ensure that your intentions are clearly articulated in your estate plan.
Updating Beneficiary Designations
It is crucial to review and update beneficiary designations on insurance policies, retirement accounts, and other financial instruments after an Alzheimer's diagnosis. Leeson & Leeson helps clients navigate these updates to ensure that beneficiary designations align with their current wishes.
Special Considerations for Business Owners
Business owners facing an Alzheimer's diagnosis must consider the impact on their businesses. Leeson & Leeson provides tailored guidance on succession planning and strategies to ensure the continuity of the business in a manner aligned with the owner's values.
Protection of Assets
Asset protection is a key concern for those facing Alzheimer's. Leeson & Leeson assists clients in developing strategies to protect assets, whether through trusts, strategic gifting, or other legal mechanisms, to ensure financial security for themselves and their loved ones.
Estate Tax Planning
Understanding the implications of estate taxes is crucial in crafting a comprehensive estate plan. The Pennsylvania estate planning attorney at Leeson & Leeson helps clients navigate estate tax planning, employing strategies to minimize tax liability and maximize the preservation of assets for heirs.
Regular Review and Updates
Estate plans are not static documents; they require periodic review and updates. Leeson & Leeson encourages clients to revisit their estate plans regularly, especially after significant life events or changes in health, to ensure continued alignment with their wishes.
Schedule a Consultation with Leeson & Leeson Today
Crafting a will and estate plan after receiving an Alzheimer's diagnosis is a deeply personal and sometimes challenging process. Leeson & Leeson in Pennsylvania stands as a compassionate ally for individuals navigating this journey, providing legal expertise and support with empathy and understanding. If you or a loved one are facing an Alzheimer's diagnosis and need assistance in developing a comprehensive estate plan, contact Leeson & Leeson for personalized and knowledgeable legal representation.