How Elder Law Attorneys Can Help Seniors and Their Loved Ones
Many aging Americans depend on family members or friends to help manage their financial, health, and other affairs during retirement and beyond. They often believe that their family members will be able to take care of any issues that arise. While consulting with loved ones about plans and wishes can be beneficial, relying solely on them can cause problems in the long run for both seniors and their families.
Instead, it is best to seek the advice of an elder law attorney when it comes to putting proper planning in place. The issues surrounding retirement, wills, trusts, and other estate planning are often complex. Elder law attorneys can help seniors navigate these details to ensure that decisions and plans are suited to their specific situation.
Having legal arrangements in place related to retirement benefits, assets, and the designation of who will be responsible for the welfare of an aging loved one can also help to avoid family disputes. It can also ensure that assets are preserved and distributed as intended. Although we’d like to assume family members always have seniors’ best interests at heart, legally-binding arrangements also protect against abuse and financial exploitation.
It isn’t just seniors that benefit from working with elder law professionals. Elder law attorneys may also assist heirs and beneficiaries by ensuring that assets don’t fall into the wrongful hands due to debt, divorce, or circumstance, and they may also help beneficiaries avoid the long and complicated probate process.
Elder Law Attorney Focus
Elder law attorneys focus their practice on helping seniors and their loved ones navigate legal issues impacting the elderly. They can help clients to better understand Medicare and Medicaid, and can assist clients and families with all of the legal aspects of planning, including drafting wills, trusts, powers of attorney and other essential estate planning documents.
Below is a list of some of the services elder law attorneys provide:
● Medicaid Eligibility, Applications, and Planning
● Medicare Eligibility and Claims
● Social security and disability claims and appeals
● Long-term care planning
● Financial planning for long-term care
● Drafting wills and trusts
● Medical Power of Attorney
● Financial Power of Attorney
● Elder abuse case management
● Patient rights
● Nursing home issues and disputes
● Establishing and managing Estates and Trusts
● Tax advice and planning strategies
● Probate services
● Asset protection
… and more
Many people delay planning due to the unpleasant associations of illness and death. Elder law attorneys can alleviate that discomfort by facilitating family conversations and shifting the focus to the positive benefits of planning and preparedness. While the expense of planning may be an issue, investing in a properly constructed, comprehensive estate plan can ultimately save a great deal more than it costs to establish the plan. Elder law attorneys can further help preserve and protect assets from Medicaid, creditors, and predators while helping find the most appropriate way to finance long term care costs.
No matter the issue at hand, seniors and their loved ones will benefit from working with elder law attorneys. If you’d like to learn more about how elder law services can help you or an aging loved one, please call us today, 501.221.7776.