Large Firm Service. Small Firm Attention.
Date(s) - April 26, 2018
Categories No Categories
Littman Krooks managing partner, Bernard A. Krooks, Esq., to speak from 9:20 AM – 10:20 AM on “Will You Still Need Me, Will You Still Feed Me, When I’m Sixty-Four?”
- Program Description: Not sure that the Beatles were thinking about financing long-term care, but you and your clients should be! Seventy percent of Americans age 65 and older will need some form of long-term care during their lifetime. Unfortunately, the U.S. has no health insurance system for long-term care. To many, this comes as a rude awakening as their health declines and the need for care arises. This presentation will address the myriad of options available to people in need of long-term care, how to finance such care, and other issues that should be addressed during this process.
Littman Krooks managing partner, Bernard A. Krooks, Esq., will be on a panel discussion from 10:40 AM – 11:30 AM on “Powers of Attorney and Financial Institutions: Oil and Vinegar”
- Program Description: Although a power of attorney is an important component of an overall estate plan, sometimes the best laid plans go awry. Banks and other financial institutions regularly reject otherwise valid powers of attorney drafted in accordance with applicable state law, creating complications and possible extreme hardship for our clients and their families. This panel, including a representative from the banking world, will discuss current issues relating to powers of attorney, along with practical solutions and potential statutory changes that might facilitate more widespread acceptance of powers of attorney by banks and other financial institutions.
- Topics include:
Springing versus immediately effective powers of attorney
Selecting the proper agent, including multiple agents, successor agents, and compensation of agents
Monitoring the agent, including whether there is an affirmative duty to act, and accounting proceedings
Reliance by third parties on the power of attorney, including remedies available when a power of attorney is not honored
Estate and elder law planning using powers of attorney