A diagnosis of a debilitating chronic disease, such as Parkinson's or ALS, creates an urgency to get your affairs in order.
The first step is to learn how the symptoms may impact your living situation (such as needing to add ramps) and the impact it may have on your income and budget. Do you foresee the need for home care or moving into a full care facility?
The next step is work with your financial planner to ensure you have the funds necessary to provide for you and your family during any time of disability. Also, see how much of your financial life can be automated. Once you have these concerns addressed, make an appointment with your estate planning attorney to cover the following issues:
If you have recently been diagnosed with a chronic illness and you live in the Baltimore area, we can help you create an estate plan that addresses the particular diagnosis. Call 443-470-3599 today for an appointment.