At McChain, Miller, Nissman, we’re happy to introduce our new Elder Law attorney, Mark Clark. He comes from a long background of both law and clergy work. Below is some information from ElderCounsel about why you may need an elder lawyer.
Keep in mind that a revocable living trust does not protect your assets from creditors, including Medicaid and other long term care creditors. We are often asked, “how old do you have to be to need an elder law attorney?”
There is no age limit, and if you think you might get old some day, you need an elder law attorney. Clients in their 40s and 50s might want to do some long term planning to make sure they will have enough to live on when they retire, and they have questions about long term care insurance and what that pays for. Clients in their 60s might be planning for retirement; and clients in their 70s, 80s and 90s – might be concerned about entering a nursing home or assisted living. Clients of any age might have children with disabilities.
You see, part of elder law is also disability law – helping parents plan for their children’s future, and making sure that the resources needed to care for their children, who may never live independently, will be there even after the parents pass away. Through the drafting of special needs trusts and other instruments, inheritances can provide for the supplemental needs while the medical coverage and payments from government programs are not jeopardized.
If you find that you may need an elder lawyer, call Mark today at 501-221-7776.