08/11/2026
Estate planning is about more than deciding who receives your property someday. As you get older, your plan should also address who can help you during your lifetime, how your assets are managed, and what happens if you need long-term care.
Here are some important documents and strategies to consider:
• Last Will and Testament – Directs how certain assets are distributed and names the person responsible for handling your estate.
• Revocable or Irrevocable Trust – Depending on your goals, a trust may help avoid probate, simplify the administration of your estate, and provide a plan for managing assets if you become incapacitated.
• Power of Attorney for Property – Allows someone you trust to handle financial and legal matters if you are unable to do so yourself.
• Power of Attorney for Healthcare – Names the person you want making healthcare decisions when you cannot make them yourself.
• Living Will – Provides direction concerning end-of-life medical care in certain circumstances.
• Beneficiary and Asset Review – Your estate plan should work together with your bank accounts, investments, retirement accounts, life insurance, real estate, and beneficiary designations.
• Long-Term Care Planning – Nursing home and assisted living costs can dramatically affect a family's finances. Planning ahead may provide more options for protecting assets while preparing for future care needs.
• Probate-Avoidance Planning – Properly structured trusts, beneficiary designations, and other planning tools can help keep assets out of probate.
The biggest mistake may be assuming that having a will means your estate plan is complete. A good estate plan should address death, incapacity, long-term care, asset protection, and the efficient transfer of your property to the people you choose.
If you are in your 60s, 70s, 80s or beyond, now is a good time to review your estate plan and make sure it still accomplishes what you want it to accomplish.
SI Elder Law can help you put a plan in place for today and for whatever tomorrow may bring. Call 618-997-3500 to schedule a free consultation with Elder Law Attorney Tiffanny H. Sievers.