Estate Planning Case Study: Securing Assets and Assisted Living Protection
William and Pat, both 73 years old with two adult children, sought our estate planning services through a referral from a friend. They had previously relied on a will from the 1970s but recognized the need for a more comprehensive estate plan. Their primary goal was to simplify their affairs and protect their assets, especially their jointly held home, given their age and the importance of planning for potential assisted living costs.
In addition to their jointly held home with no mortgage, William and Pat had all their bank accounts jointly held, and each had retirement accounts, with each other designated as beneficiaries.
Estate Planning Solutions
Through our comprehensive estate planning services, William and Pat achieved their goal of simplifying their affairs, safeguarding their assets, and protecting their jointly held home from potential assisted living costs. We successfully updated their wills, ensuring that their wishes were legally binding and reflective of their current financial situation.
Additionally, the healthcare proxies and powers of attorney provided them with the assurance that important decisions would be made according to their preferences. The asset protection trust offered vital protection for their primary asset, further enhancing their financial security.
With our assistance, they could confidently navigate their estate planning needs, providing peace of mind for themselves and their adult children.
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How Our Estate Planning Attorneys Can Help
Our tailored estate planning solutions are designed to protect your assets, simplify your affairs, and safeguard your family's future, just like we did for William and Pat. With our expertise, you can navigate estate planning with confidence and secure your legacy. You can use the button below to schedule a call back from a member of our team, or give us a call at 781-784-2322.