Weinstein & Randisi
Phone:585-310-1578
Toll free:800-768-1780

Resize the Content Text

Estate planning strategies for end of life care and treatment

For New Yorkers who are thinking about strategies for their estate plan, a factor that is often overlooked is what will happen if they become incapacitated or ill. This should be considered as part of the process. An example of the importance of this came to light with the musician Tom Petty and his estate plan that allowed for him to be removed from life support as per his wishes. Those who are concerned about family disputes, whether a power of attorney is necessary, how a healthy proxy works and more should know about all their options that can fit in with their desires.

End of life care can be exorbitantly expensive. Research from nearly a decade ago showed it to be nearly $12,000 in the final year of a person's life. In 2017, it would be around $18,000, but it might be more. People would be wise to begin thinking about end of life care and other eventualities as soon as they reach legal adulthood. The numbers show that only slightly more than 26 percent of adults take the steps to have a document detailing their desires if they cannot say so directly, known as an advance directive.

Many people want a do-not-resuscitate or do not intubate if they have an illness that is untreatable or an issue that requires machines to stay alive. This document will prevent that from happening. Other options are a living will which lists how a person wants to be cared for in certain circumstances. For example, some might not want to be fed through a tube. A durable power of attorney will give another person the right to decide on a person's property. This is different from a general power of attorney as it accounts for the testator's incapacitation, should it occur.

Not everyone has the assets of Mr. Petty, but anyone who is preparing for the future and wants to make sure they do not receive care or treatment they do not want should think about this aspect of estate planning. Discussing all the alternatives with an experienced attorney is essential to the process and should be done immediately regardless of the person's age or health status.

Source: cnbc.com, "What Tom Petty's choices can teach you about end-of-life care," Lorie Konish, Oct. 17, 2017

No Comments

Leave a comment
Comment Information
  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Blog Feed

Blog

Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map

Map

Call us now for a free, 100% confidential consultation: