Elder Care Legal Issues
Elder Care Legal Issues
Estate Planning
Estate planning isn’t just about planning for what happens after you die. Elder care planning is a process by which your attorney helps you or your family members form a strategy for your long-term care, financial well-being, and assurance of benefits.
Your estate plan should include a last will and testament to transfer estate assets to heirs after death, but it also may address estate taxation issues when the estate must be split among multiple beneficiaries. In addition, an estate plan can play a significant role in how elderly parents are provided for during their later years if they become infirm or incapacitated so that they don’t lose their assets and end up in a nursing home prematurely due to lack of funds.
Elder care is a specialized area of law that focuses specifically on senior citizens. Elder care planning can include:
- Advance directives
- Guardianship
- Healthcare directives
- Insurance planning
- Medicaid planning
- Special needs trusts
- Veteran's benefits
planning for elder care
It is very common for people to wait to begin planning for elder care. Unfortunately, we have seen that many wait until it’s too late, when they are no longer competent and are unable to participate in the planning process.
An estate planning attorney can help you create a plan that will ensure your loved ones are taken care of after you’re gone. You can include instructions for your care, as well as who you would like to take care of you. You can also create a trust or set up a power of attorney so that your loved ones can make decisions on your behalf if you are unable to do so yourself.
We understand the elder care planning process is complex, Attorney Kelly Parks has decades of experience helping seniors begin this process. We take the time to fully understand your wants and needs before developing a tailor-made plan suited to you. Call us today to get started.
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