Harris Beach Murtha Trusts and Estates Partner Judy Wagner will present at an upcoming Alzheimer’s Association educational program on caregiver’s finances. A description of her session is found below:

Whether you have sizable wealth or a modest estate, the cost of long-term care can quickly deplete your estate. Having an estate plan is with all the important documents in place is critical. This workshop will review the basic estate planning documents we all should have and why. It will explain “probate” and how the estate administration process works. We will also discuss options available to pay for long-term care, explain Medicaid eligibility, the rules about transferring assets and other actions that can impact eligibility. We will also discuss legal techniques that can be implemented to protect your assets. Whether you are planning for your own retirement or caring for an aging family member, planning is key. This program will provide basic knowledge necessary to minimize the potentially catastrophic effect the cost of long-term care can have on family wealth.