Huntington’s Disease (HD) is a genetic neurodegenerative disorder that causes progressive brain damage. Symptoms typically begin in mid-adulthood and worsen over time. HD can cause movement disorders, cognitive decline, and psychiatric symptoms. There is no cure for Huntington’s Disease, but there are treatments that can help manage the symptoms.
However, the cost of care can be significant. HD patients often require long-term care, which can be very expensive. That’s why estate planning and financial planning are so important for people with HD and their families. Make sure the court distributes assets according to your wishes after you die. Financial planning can help ensure that you have the financial resources you need to pay for your care.
Here are some specific reasons why estate planning and financial planning are important for people with Huntington’s Disease:
- To ensure that your assets are distributed according to your wishes. If you die without a will, your assets will be distributed according to the laws of intestacy in your state. This may not be what you want. Estate planning allows you to choose who inherits your assets and how they are distributed.
- To provide for your long-term care needs. The cost of long-term care can be very expensive, especially for people with HD. Estate planning and financial planning can help ensure that you have the financial resources you need to pay for your care.
- To protect your loved ones from financial hardship. HD is a progressive disease, and it can be difficult to predict how it will affect you. Estate planning and financial planning can help protect your loved ones from financial hardship if you become unable to work or manage your own finances.
If you have Huntington’s Disease, talk to an estate planning attorney and a financial planner to create a plan that meets your specific needs.
Here are some tips for estate planning and financial planning for people with HD:
- Start early. The earlier you start planning, the more options you will have.
- Talk to your family. It is important to talk to your family about your wishes for your care and your financial future.
- Get professional help. An estate planning attorney and a financial planner can help you create a plan that meets your specific needs.
Estate planning and financial planning can be complex, but it is important for people with HD and their families. By taking the time to plan, you can help ensure that your assets are distributed according to your wishes and that you have the financial resources you need to pay for your care.
About Walnut Creek Elder Law in Walnut Creek, California
Michael J. Young is an experienced elder law, estate planning and asset protection planning attorney in Walnut Creek, CA. Mr. Young advises his clients regarding their estate planning needs with an emphasis on asset protection, Medi-Cal qualification, and preservation of assets for various levels of their care as they get older. Mr. Young’s journey into elder law began when his mother suffered from an acute injury that required her to be in a skilled nursing facility. He is co-author of the book, Don’t Go Broke in A Nursing Home and is the author of the “Alzheimer’s Legal Survival Guide.” Mr. Young presents monthly workshops in Walnut Creek regarding estate planning, asset protection, and Medi-Cal planning. He has helped many clients over the years successfully qualify for Medi-Cal and has protected their assets from state recovery. Call today to schedule a consultation (925) 256-0298.