Legacy Speaks

(201) 743-9354

3 Things every Retiree needs to do right now

Posted by Ada Davis | Jul 30, 2020 | 0 Comments

If you are of retirement age, it is recommended that you create a Power of Attorney. While you are more to live a long life, rather than die unexpectedly, you may be in a state of reduced capacity for some of those years. By creating a Power of Attorney now, you ensure that someone you trust will be able to step in and attend to your business affairs should you be unable to do so. 

You should also create a Healthcare Directive. Much like a Power of Attorney, the Healthcare Directive ensures that your medical wishes will be respected since someone you trust will be speaking on your behalf in all of your medical decisions.

Finally, put your assets in a trust. Long-term care is the single greatest threat to asset preservation. By putting your assets in a trust, you ensure that all you have worked hard for will be preserved and available to be passed down to your heirs.

About the Author

Ada Davis

Counselor. Teacher. Advocate. Attorney Ada A. Davis is a graduate of Georgetown University Law Center. For more than fifteen years she has practiced law in the New Jersey and New York areas, including working as an associate at two big law firms in New York, NY. For the past nine years she has m...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Help us help you!

Davis Law Office is passionate about helping you transform your family's future. Contact us now to get started creating a legacy you can be proud of.

Contact Us Today

The Legacy Attorney is committed to answering your questions about Estate planning needs in Jersey City, New Jersey.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

Menu