Elder Law is a complex and difficult subject for families to deal with.
Especially so if there are ex-wives, step children and children involved.
As an elderly person, you might also need to consider that you might loose
control of the ability to specify your wishes or manage your assets.
It’s important to take into consideration not only how to divide assets to heirs, but how to lock them down so they are guaranteed to go to the persons decided upon. Simply specifying a heir or heirs in a will won’t necessarily make it happen. Using trusts,specialized annuities can help. It’s best to consult a lawyer to help sort out what will work, based on your assets and circumstance.
Read more: Elder Care: Estate planning for previously married couples – Carlisle Sentinel