by S. Albert D. Hanser
This season, Florida Trust Wealth Management collaborated with The Legacy Foundation at Shell Point Retirement Community in Fort Myers to host the 2026 Shell Point Medical Breakthrough Lecture Series. The first program featured two distinguished doctors from Lee Health discussing distinct neurological movement disorders – or Parkinson’s disease, essential tremors and dystonia, as they are more commonly known.
Neurologist Dr. Brett Mercer spoke to a full house at the Tribby Arts Center about innovations in diagnosis and medical management of the disorders while neurosurgeon Dr. George Mandybur discussed deep brain stimulation – a fascinating treatment for these disorders.
Planning for unique situations
As I listened to their presentations, I couldn’t help but think about the work we do at Florida Trust. Not only do our clients rely on us for their investment management, but most of them use us for the vital administration of their estate plans. Every family and individual is unique. While the overall process remains consistent, each client’s circumstances require us to tailor every plan to best fit their specific needs and situation.
That especially holds true for clients who have Parkinson’s disease or another chronic illness that may incur large medical expenses, costly accommodations, caregiving costs, supplemental insurance and other unforeseen expenses. These clients in particular, may need to rebalance their portfolios to match their rising income needs.
Living with Parkinson’s disease or another chronic debilitating illness comes with important considerations and decisions. Following a Parkinson’s diagnosis, thoughtful estate planning can help you prepare for the future. There are several key factors to consider as you embark on that process.
Factors to keep in mind
Understanding your Parkinson’s diagnosis and its progression helps you anticipate future needs. Consider how changing health may affect housing, healthcare and daily support. Because the condition is progressive, plan for long-term care by reviewing insurance, Medicaid strategies and financial resources to fund home care, assisted living or nursing needs.
Inform your advisers. This includes attorney, CPA, investment adviser or financial planner and insurance agent. Parkinson’s affects every aspect of estate, financial and related planning. Professionals value being updated on your health situation, so they can customize your plans or documents to meet your needs and those of your family members. They will often make changes to otherwise generic plans, to make them more effective for you.
If you haven’t already, seriously consider adding a trust agreement to your Florida estate plan. With a trust agreement you can have more control over how your assets are used and distributed during your lifetime and after your passing. It can also help with the management of your affairs without the need for court intervention, while preserving privacy and reducing potential conflicts among family members.
Plans are fluid
Keep in mind that situations change, and your plans may need to change with them. Continue working with your adviser on a regular basis to ensure your plans are working for you and meeting your needs. Revisions may need to be made as tax and property laws change, family situations change, assets and net worth changes and most importantly, health changes.
Preparing for the future with Parkinson’s disease, or any other chronic illness, can have its challenges. Taking time to work with your advisers by putting together a plan can minimize those challenges and ensure that your wishes are honored, your loved ones are cared for and you are prepared for the journey ahead.
About the Author
S. Albert D. Hanser is founder and chairman of Florida Trust Wealth Management. His lifetime of experience in the investment and banking industries has helped to guide the firm’s vision and growth for the benefit of its clients, shareholders, employees, and communities.
Leave a Comment