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Read moreDo I Need a Trust If I Have No Heirs?
- December 7th, 2016
Q
I recently became a widow at 61 years old. We never had children. I don't wish to leave my assets to anyone except a specific animal charity. But I want to be sure that my money will be able to take care of me if I need to go into a nursing home. Do I need a trust or should I spell it all out in my will?
A
We would recommend a trust. A will only dictates what happens to your property after your death. In a trust you can direct your trustee to use the trust funds to provide you with as much comfort and care as possible and leave whatever is left to charity. For information about trusts, go here: http://www.elderlawanswers.com/trusts-12006. In terms of financial planning, you may be a good candidate for an annuity that would guarantee you an income for the rest of your life, but not leave anything at your death. For information about annuities, go here: http://www.elderlawanswers.com/should-an-annuity-be-part-of-your-retirement-planning--15415. To find an attorney to help you come up with a plan that works for you, go here: http://www.elderlawanswers.com/elder-law-attorneys.
Local Elder Law Attorneys in Ashburn, VA
Meet Loretta Williams
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Loretta Williams
Hale Ball Carlson Baumgartner Murphy PLC
Loretta Morris Williams is a certified elder law attorney by the National Elder Law Foundation. Ms. Williams was admitted to the Council of Advanced Practitioners, National Academy of Elder Law Attorneys (NAELA) in 2012. She serves as President of the Virginia Academy of Elder Law Attorneys. Ms. Willia...
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Meet Judith Mitnick
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Judith Mitnick
Needham Mitnick & Pollack, PLC
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...
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Meet Samantha Fredieu
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Samantha Fredieu
Hale Ball Carlson Baumgartner Murphy PLC
Attorney Samantha Simmons Fredieu is an associate at Hale Ball. Ms. Fredieu graduated magna cum laude from Vermont Law School where she was the symposium editor on the Vermont Law Review, a production editor on the Vermont Journal of Environmental Law, and a member of the Moot Court Advisory Board. She has clerked for...
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