On the latest episode of Health Futures, Taking Stock in You, host Bob Roth welcomed back attorney Stephanie Bivens to discuss crucial topics in estate planning and elder law. As the founder of Bivens and Associates, Stephanie brings over 25 years of experience helping families navigate the complex legal landscape of aging and asset protection.
For the full episode, CLICK HERE.
You can also find this on any of the following podcasts:
The Importance of Up-to-Date Estate Planning
Stephanie emphasized that estate planning goes far beyond just having a will. She recommends reviewing your estate plan every 3-5 years, or whenever significant life changes occur. With potential changes to federal estate tax limits on the horizon, it’s more important than ever to stay informed and prepared.
Key documents discussed include:
- Durable Financial Power of Attorney
- Healthcare Power of Attorney
- Mental Health Power of Attorney
- Living Will
- HIPAA Release Form
Stephanie stressed that having these documents in place is a gift to both yourself and your family, ensuring your wishes are known and followed.
Navigating Elder Law Challenges
As an elder law attorney, Stephanie helps families tackle issues like:
- Planning for long-term care costs
- Qualifying for Medicaid (ALTCS in Arizona)
- Protecting assets for spouses and future generations
- Addressing financial exploitation and undue influence
- Guardianship and conservatorship when necessary
She highlighted the importance of early planning, as waiting until a crisis occurs often leads to more expensive and stressful outcomes.
Protecting Vulnerable Adults
With many adult children living far from their aging parents, Stephanie offered advice on staying involved:
- Communicate frequently
- Visit as often as possible
- Consider hiring a care manager for local support
- Monitor financial accounts (with proper authorization)
- Join caregiver support groups to learn and share resources
A Valuable Resource for Listeners
Stephanie introduced her Personal and Financial Organizer, available at a discount for Health Futures listeners. This comprehensive guide helps families compile crucial information in one secure place, making it easier to manage affairs in case of emergency.
Take Action Today
Don’t wait for a crisis to start planning. Whether you’re concerned about your own future or that of an aging loved one, consulting with an experienced elder law attorney can provide peace of mind and better outcomes for your family.
To learn more about estate planning and elder law services, visit Bivenslaw.com or call 480-922-1010.
Remember, your health is your wealth – and proper legal planning is an essential part of protecting both.
