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Revocable Trusts

Article of the Week: "Now What? A Diagnosis of Alzheimer's Disease and the Legal Issues That Require Prompt Attention"

kpeckKerry R. Peck, Esq., Managing Partner
Peck Bloom, LLC
Chicago, Illinois  60603
1-877-845-1743

Member of the national ElderCare Matter Alliance, Illinois chapter

THE DIAGNOSIS: Stan was 68 years old when he was diagnosed with Alzheimer’s disease. A successful banker, Stan had made a nice life for his wife and children and was an integral part of his neighborhood. He was an active member of his church and the local school board. Despite a family history of Alzheimer’s disease, Stan’s world was shattered when the doctor delivered the test results. He was thrown into a whirlwind of doctor’s appointments and new medications. He was uncertain whether to keep his diagnosis a secret or tell his friends. Before he even began to battle the disease, Stan felt his life was already becoming less of his own. He decided to take back control of his life and called an old friend who was a practicing elder law attorney. Within the week, he and his family were sitting in the elder law attorney’s office to discuss his options.

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Answers to frequently asked questions about revocable living trusts

Scott Makuakane, JD, CFPScott Makuakane, JD, CFP
Est8Planning Counsel LLLC
Honolulu, HI  96813
808-587-8227

Member of the national ElderCare Matters Alliance, Hawaii chapter

What is a trust?

A trust is the legal relationship that is created when a person transfers property to a trustee with the understanding that the trustee will manage the property for the benefit of one or more beneficiaries.

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