We recently worked with a single individual in his late 50s who received an inheritance from the passing of his parents. He wanted to ensure that his retirement plan and long-term care plan were well taken care of, so that he could continue to live in dignity without having to worry about managing his assets and attracting the wrong attention in his senior age.
To address his concerns, we sat down with him and crafted a comprehensive plan that focused on asset preservation. We restructured his assets in a way that minimized unnecessary market risk, ensuring that his assets would be protected and preserved for his retirement and long-term care needs.
In addition to asset restructuring, we also worked with our partners to implement a range of legal documents to further safeguard his interests. This included drafting a will to ensure that his assets would be distributed according to his wishes, a trust and a lasting power of attorney to allow a professional trustee to manage his assets in the event that he became mentally incapacitated and an advance medical directive and advance care plan to detail his future preferences for care and treatment.
With this comprehensive plan in place, our client was very satisfied and now lives a carefree and active retirement. He is able to spend his time traveling and volunteering, knowing that his retirement and long-term care needs are well taken care of.
