A Diagnosis Changes Everything, Including Your Estate Plan. Here's What to Do
Ellen Cookman - Special Needs Trust Attorney
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A Diagnosis Changes Everything, Including Your Estate Plan. Here's What to Do
862 просмотра · 1 мес. назад
Ellen Cookman - Special Needs Trust Attorney
16,4 тыс. подписчиков
862 просмотра · 1 мес. назад
A diagnosis like Alzheimer's, Parkinson's, or ALS changes your estate plan, usually in ways nobody anticipated when the documents were first signed. In this video, Ellen walks through the parts of a California estate plan that often need a fresh look after a diagnosis.
Most plans are built around one question: what happens when I die? A progressive diagnosis raises a different one: what happens if I'm alive but unable to manage things myself? That shift changes which documents matter and how well they need to work.
Ellen covers:
Who you may wish to name in your Advance Healthcare Directive
How your durable power of attorney becomes effective
Trust format options for married couples to consider
Family dynamics that may come into play
Related video: Should I Simplify My Trust? • Should I simplify my trust
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Timestamps:
00:00 - The call I get after a diagnosis
01:24 - Planning for incapacity, not just death
02:08 - Married couples: where does your half go?
02:58 - When does your Durable Power of Attorney go into effect?
03:35 - Divide and conquer: matching kids to roles
04:19 - When a diagnosis changes someone else's plan
05:26 - How Cookman Law can help you
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