Whether you yourself are entering you golden years or you are the loved one of someone who is entering their golden years, you will likely have need of an elder law attorney at some time in the future. Of course it helps to know what an elder law attorney does and the types of issues they handle so you will know when to consult one.
An elder law attorney, as the name implies, is an attorney who specializes in legal issues that impact older individuals and their loved ones. Because the elderly face issues that their younger counterparts do not, an elder law attorney is an attorney who takes the time to understand those issues so that he or she can provide advice and guidance on wide range of topics.
Of course, and elder law attorney is typically well versed on issues relating to estate planning as that is something that concerns all older individuals. Estate planning encompasses much more than simply deciding who will receive which assets when you die though. Your estate plan will likely include additional components such as an incapacity plan or a long-term care plan as well.
Healthcare issues are another area of concern for the elderly. An elder law attorney is someone who can help you review your healthcare plan and determine whether it is adequate for your needs. He or she may also be able to intervene if your insurance carrier denies coverage when coverage should clearly be approved.
Long-term coverage is another area where your elder law attorney can help. Many people fail to realize that their health insurance or Medicare coverage will not pay for long-term care expenses. Although Medicaid will pick up much of the costs, it may require some Medicaid planning to ensure eligibility.
Older individuals frequently need advice on property issues as well. For example, you may want to transfer your family home to your children but need to know what the best way to accomplish that goal is. Your elder law attorney can help you reach your objective while minimizing your tax liability as well as exposure to probate.
As you can see, an elder law attorney should be familiar with numerous areas of the law that often come up with the elderly. Because your elder law attorney has chosen to focus on the needs and concerns of the elderly, he or she will be well prepared to advise you and help you find solutions to common problems faced by people during their golden years.
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