Elder Law – Preparing for your parents and yourselves
As you notice your parents beginning to age and decline in health, you are most likely faced with making important decisions about their well-being that affect not only them, but your family as well. Welcome to the Sandwich Generation—children with aging parents and their own families—where midlifers are trying to keep their parents safe at home while juggling their own responsibilities.
The most important thing the Sandwich Generation can do for their aging parents is to get educated about how to carry out their parents’ wishes concerning the aging process. You’ll need to be aware of the elder law issues concerning such things as medical and financial decision making as well as the rules regarding asset protection.
There needs to be a plan in place, not just for finances but for health care emergencies, as well. At a minimum, Last Will and Testament, Financial Power of Attorney, Health Care Power of Attorney, Living Will, and HIPAA Authorizations. Lastly, consider tax issues that include tax bracket management, death tax issues, income tax issues, and ways to reduce both, not only for the aging parent but the caregiver/child of the aging parent, as well.
This month’s forum will be tackling the legal frameworks we need to be considering as our parents, and ourselves, progress from midlife into senior citizens. Our presenter, Brenna Galvin, will address the how and why of setting up things like power of attorney, the impact of look-back periods for asset transfer, the benefits of living wills, Medical Assistance programs that fund long-term care costs and much much more.
At the end of our evening together, you will leaving with a fuller understanding of legal and practical documents you should have in place to ensure you, your parents and your children will be well prepared and protected as you age.
Brenna Galvin, is a Shareholder and Elder Law Attorney at Maser, Amundson, Boggio & Hendricks, P.A. She practices in the areas of Long-term care planning, Veterans benefits, Medical Assistance, Estate planning, Disability planning, including Supplemental and Special needs trusts, and Estate and Trust Administration. Brenna provides resources that enhance her clients’ quality of life and gives her clients and their families comfort in knowing that they have planned for the worst, so they can live their best. Brenna chose to become an attorney because she believes law at its core is a helping profession. She draws her inspiration from intergenerational interactions in her own large family and years of working with seniors and individuals with disabilities.
Brenna is a graduate of the University of Minnesota with a Bachelor of Arts in Psychology and Political Science, and she earned her Juris Doctor from William Mitchell College of Law. Brenna is involved in a number of professional and community organizations, including the Elder Law Governing Council of the Minnesota State Bar Association, the National Academy of Elder Law Attorneys, the Bancroft Neighborhood Association, Minneapolis Rowing Club, the University of Minnesota M Club, and Kairos Alive! Brenna was has been featured in the book, A Survival Guide to Aging. When Brenna is not working, you can find her exploring the North Shore, rowing on the Mississippi River, roaming farmers markets and art museums, and attending concerts and plays throughout the Cities.
Monday, October 1, 2018
Networking: 6:15 – 7:00 pm
Presentation: 7:00-8:30 pm
Location: Minnesota State University Mankato at Edina
Event fee: $15 for members; $25 for non-members
Refund Policy: In the event that SHIFT cancels a program, you’ll receive a refund of your registration payment. SHIFT will not issue credits or refunds in the following circumstances: you cancel your registration, register but do not attend, or attend but leave early, or do not attend all sessions of a multi-session course.elladn do good