-- Facing an unexpected prognosis can be overwhelming, but it also provides an opportunity to reflect on one’s life and make vital decisions for the future, according to Attorney Robert Brumfield.
For more information please visit https://www.brumfieldlawgroup.com
Such situations can act as a wake-up call, motivating individuals to address key areas like estate planning. Creating or updating a plan to manage assets or prepare for potential incapacity can offer significant peace of mind during difficult times.
Robert Brumfield, of the Law Offices of Robert H. Brumfield, P.C., explained: “Along with getting support from loved ones, it’s crucial to evaluate the long-term implications that could affect both the individual and their family.”
He emphasized that consulting with an estate planning attorney can help individuals develop a comprehensive plan to address both incapacitation and posthumous wishes. For those who already have an estate plan, revisiting and updating documents such as wills, trusts, and powers of attorney for health and financial matters is essential to ensure they remain accurate and accessible.
“Making sure these documents are easily located and known to loved ones ensures they’re available when needed most,” Brumfield said. “Keeping an estate plan up to date gives families the tools they need to honor a person’s wishes and protect their interests.”
Addressing financial matters is equally important. Brumfield highlighted the need for loved ones to know the locations of financial accounts, who has access to them, and the necessary actions to take in the future.
“If the prognosis is serious, time is of the essence,” he stated. “This might involve determining the level of long-term care required and working with medical professionals to select the right provider. Planning ahead allows decisions to be made thoughtfully rather than in haste.”
A collaborative approach with loved ones can help manage and assess short- and long-term care expenses. “At the Law Offices of Robert H. Brumfield, P.C., we assist clients in developing strategies to protect assets, such as property and investments, from being drained by care costs, reducing the financial strain on families,” he added.
By seeking the guidance of an experienced estate planning attorney early, individuals can ease the burden on their loved ones and make informed decisions.
Source: http://RecommendedExperts.biz
Contact Info:
Name: Robert H Brumfield
Email: Send Email
Organization: Law Offices of Robert H. Brumfield, P.C.
Address: 1810 Westwind Drive, Suite 100, Bakersfield, CA 93301
Phone: 661-464-7770
Website: https://www.brumfieldlawgroup.com
Release ID: 89149562
Google
RSS