Senior law attorneys help elderly or disabled clients with legal problems specific to their stage in life. They help navigate complicated health care issues, long-term care options, retirement, estate planning, and much more.
Here are some examples of the services that senior law attorneys provide:
Financial planning and asset preservation
Regardless of the value of your cash or assets, you don't want a penny going to creditors, the government, or forged nursing home bills. Many prefer to choose how assets are distributed after death. A qualified law firm can help you decide the best asset preservation strategies for your financial situation and long-term goals. For more information on elder law Contact us.
Some things he will discuss include:
– Avoid inheritance expenses
– Minimize taxes on income, inheritance, and donations.
– Protection of lawsuits
– Long-term care cost planning
Wills and trusts
Wills and trusts have different purposes when it comes to estate planning. Both can be helpful, but you will need to understand the advantages and disadvantages of each. The key points include:
– A will takes effect after your death, while a trust is effective after its creation.
– A will goes through probate, which means that a court will oversee the process. A trust does not go through an estate. Not involving the court allows the terms of the trust to remain private, whereas a will is a public document.
Your attorney can help you determine whether one or both of the documents are appropriate for your situation.
Medical care and long-term care
Nobody wants to think about the possibility of getting sick or disabled as we age, but it is wise to plan. If you are unable to make your own medical decisions, you will want to have a plan that spells out your wishes for medical care. Laws may vary by state, but some basic health-related instruments you may want to discuss with senior law attorneys include:
These are just a few of the many emotional and challenging areas in which senior law attorneys can guide you. Having plans for your senior year means you can rest assured that your wishes will be fulfilled.