Estate Planning for the Elderly, Part 1
Planning for the elderly involves special challenges. Elderly clients have a higher incidence of capacity issues. How do you work with clients whose decisions may not be sound or may be challenged later? How do you talk to these clients – and their families? Another challenge is preserving assets accumulated over a lifetime while balancing a client’s desire to pass wealth on to their heirs. There is also the challenge of health care issues and planning for difficult decisions. This program will discuss these and other challenges of adapting estate planning techniques to the special needs of elderly clients.
Day 1 – February 9, 2010:
- Working with clients with capacity issues
- Creating plans that can withstand challenge by heirs
- How to talk to clients about these issues
- Planning for chronic illness and health care
- Asset protection trusts
Day 2 – February 10, 2010:
- Estate planning techniques adapted to particular needs of elderly
- Health care power of attorney and advance medical directive issues
- Use of conservatorships
- Use of revocable trusts
- Gifting strategies
Speaker:
Missia H. Vaselaney is a partner in the Cleveland office of Taft, Stettinius & Hollister, LLP, where she focuses her practice on estate planning for individuals and businesses. She has worked with clients both to plan and administer estates that have ranged from the very modest to the large and sophisticated. She has also represented clients before federal and state taxing authorities. Ms. Vaselaney is a member of the American Institute of Certified Public Accountants and has been a member of the Steering Committee for AICPA’s National Advanced Estate Planning Conference since 2001. She is a former trustee of the Catholic Charities Corporation and former chair of the entity’s Planned Giving Committee. She has lectured and written extensively on estate planning topics. Ms. Vaselaney received her B.A. from the University of Dayton and her J.D. from the Cleveland-Marshall College of Law.
John T. Midgett is a founder of Midgett & Preti PC in Virginia Beach, Virginia, where his practice focuses on estate planning, administration and taxation, elder law, and family business planning. He is a Fellow of the American College of Trust and Estate Counsel, a member of the National Academy of Elder Law Attorneys, and the Duke University Estate Planning Council. He has lectured widely on topics relating to estate planning, taxation, probate, elder law, and family businesses. Mr. Midgett received his B.A. from the University of Virginia and his J.D. from the University of Richmond.
