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Chronic Illness: Estate Planning

PARAMUS, N.J., Nov. 6 /PRNewswire/ -- With 125 million Americans challenged by at least one chronic illness and 22% of that number facing life with two or more chronic illnesses, early, smart estate and financial planning can make the difference between maximizing control over your life or falling victim to its exigencies.

WHAT: Practical Seminar that will cover the following areas of importance for people living with chronic illness and their advisers:

  • Cognitive issues: What, if any impact, does your chronic illness have on your health and cognitive functioning? How might this change over time? How do you protect yourself from its effects?
  • Different Chronic illnesses: Each chronic illness, whether Multiple Sclerosis, Parkinson's disease, Alzheimer's disease, ALS, etc. has its own unique implications for planning. Generic assumptions can be detrimental to you and your loved ones.
  • Powers of attorney: How should they be tailored to address your concerns?
  • Living wills and health proxies: How should they be tailored to reflect the nuances of your illness, your experience of that disability, and your religious concerns?
  • Revocable living trusts: Trusts can be helpful to a person living with health issues. How should your loving trust be modified to address chronic illness? Should you serve as sole trustee, co trustee or not at all?
  • Financial Planning: How can your attorney draft legal documents to protect you in light of your chronic illness? Standard forms lawyers commonly use need to be modified to address the anticipated disease course of your illness. How should your investment and insurance plans change to reflect chronic illness? What steps can consumers with chronic health issues take to modify their financial planning?


Thursday, November 19, 2009, 9:00 to 10:45 AM Eastern Time


Westin New York at Times Square, NYC, NY.

To attend Call 800-582-2452 for more information


Martin M. Shenkman, CPA, MBA, PFS, JD, Paramus, NJ. (201) 845-8400. Author of: Estate Planning for People with a Chronic Condition or Disability and Funding the Cure Helping a Loved One with MS through Charitable Giving to the National Multiple Sclerosis Society, both published by Demos Medical. All proceeds donated to charity.

Nicholas G. LaRocca, Ph.D. a clinical psychologist with the National Multiple Sclerosis Society, Vice President, Health Care Delivery and Policy Research, New York City, NY. (212) 476-0414.

PODCAST of seminar available free after November 25, 2009 on

To obtain the Seminar proceedings after the program: Go to the "Chronic Illness" section of for an audio recording of the entire seminar and selected handout materials on planning for chronic illness.

About the National Multiple Sclerosis Society:

The Society encourages lawyers to make the law accessible to all, including those with chronic illness. Every hour someone new is diagnosed with multiple sclerosis. Through its national office and 50-state network of chapters, the Society addresses the challenges of everyone affected by MS by: funding research, advocating for change, and providing services that enhance the lives of people with MS and their caregivers. In 2008, the Society spent $45 million on 440 research projects worldwide, and $148 million on programs for more than one million people. Many of the Society's research projects also address issues common to other neurologic diseases.

The Society's Web site provides information and encouragement to the more than 400,000 people living with MS in the United States and 2 million worldwide. Information includes estate and financial planning resources for people living with multiple sclerosis. Join the movement by visiting

About New York State Bar Association:

The New York State Bar Association encourages lawyers to make the law accessible to all, including those with chronic illness. As part of this effort they launched a new campaign called The Good We Do to recognize the significant contributions made by the scores of attorneys across the state who donate their time, services and expertise to meet the ever-growing legal needs of low-income people and others who have been disadvantaged by health issues, the economy or other problems.

New York State Bar Association President Michael E. Getnick (Getnick Livingston Atkinson & Priore, LLP of Utica, New York), said, "Increasingly, more and more New Yorkers and worthy non-profit organizations, are finding it harder to keep their heads above water as they try to navigate our legal system. Whether in planning for incapacity, foreclosure cases, or child custody cases, every New Yorker should have equal access to justice and legal services. The State Bar is proud to salute attorneys, like Marty Shenkman, who truly live the words, and justice for all."

  • For More Information: Martin M. Shenkman, CPA, MBA, PFS, JD -- PO Box 1300, Tenafly, NJ 07670 -- 201-845-8400 --
    CONTACT:  Arney Rosenblat
              212 476-0436/

SOURCE Martin M. Shenkman, CPA, MBA, PFS, JD

SOURCE Martin M. Shenkman, CPA, MBA, PFS, JD
Copyright©2009 PR Newswire.
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