Article on Strategies for the Chronically Ill

Robert L. Moshman (Attorney, New York and New Jersey) has recently published an article entitled, Strategies for the Chronically Ill, The Estate Analyst (2013). Provided below is the introduction to the article:

A Budget: Establishing a budget with good records can keep a clients savings program on track and provide a clear system that will be understood when a family member or other agent assists in the future. 

POA and Proxy Forms: It is common sense to sign forms while the client is still able to make good decisions. Both short-term as well as prolonged disability should be planned for. For example, most powers are silent as to the compensation of the agent. If a chronic disease may result in the agent handling the client’s finances for a decade or longer, providing for compensation really warrants consideration.

To contact Bob Moshman to be included on his distribution list of his monthly newsletter, email Bob at bmoshman@optonline.net.