Elder Care Attorney, Mindy Felinton tells readers that having an employer 401k plan or a self-directed IRA is just the first step in a retirement plan and talks about going the distance to work with an attorney to establish an estate and asset protection plan.
Delray Beach, FL January 14, 2019: Mindy Felinton, founder of Felinton Elder Law & Estate Planning Centers, has posted a new article on her law firm’s website entitled “The Only Thing Missing From Your Retirement Plan Is A Lawyer,” in which Ms. Felinton makes it clear that if one has a retirement plan they need an attorney.
Felinton writes, “You may wonder why you need a lawyer involved with your retirement plan.” She continues adding, “After all, if you have a 401k, your employer deducts a certain amount from your pay, and if you’re lucky they match it or at least a percentage. Or you make annual contributions to an IRA. Your funds grow. You retire. You have money to live on. End of story.”
According to Felinton, an attorney is necessary because “A lawyer makes sure the money you’re putting away in your IRA or 401k will be used according to your wishes if something happens to you. And they make sure your money is protected if there is any kind of legal action brought against you.” She emphasizes, “In other words, if you have a retirement plan, you have assets. That means you need an estate and asset protection plan, which means you need a reputable estate and asset protection attorney.”
“So,” says Felinton, “like most people, you have a will. That may be all you need if you simply die,” she adds. “But,” she says, “sometimes having an outdated will is even worse than dying without a will. And, what if you become incapacitated? What if you need long-term assisted care? What if you have family members who are only interested in getting their hands on your money and really could care less about your well-being? “
The entire article can be read at https://www.felintonlaw.com/the-only-thing-missing-from-your-retirement-plan-is-a-lawyer/
About Mindy Felinton
From a young age, Mindy wanted to be the voice that would make an impact in people’s lives. She became an attorney and has practiced law for over 30 years, so that she could fulfill her desire to help others. As a special prosecutor, Mindy defended the underdog (literally) in cases of animal abuse. As a state attorney in Florida she fought for justice. During the last 25 years, Mindy met many wonderful people who did not know their rights, did not understand the law, and did not know what options were available.
Mindy assists families with Medicaid planning to help with the cost of nursing home care and with obtaining veteran’s benefits to make the cost of care more manageable. She also prepares wills, trusts, powers of attorney, and medical directives. Mindy is passionate about educating both other professionals and the public concerning VA Aid & Attendance benefits, Medicaid benefits, and the use of trusts for the protection of assets. She shares her experience and professional knowledge through free workshops, and as a frequent lecturer at State Bar Conferences.