Old age is something regarding which many people are in denial. They do not like to believe that they are going to get aged one day, though old age does slowly creep up on them. Such people usually do not plan for their later years and may have to face several legal and financial issues, along with the typical physical and emotional problems brought on by age.
If you want to enjoy good quality of life even when you get old, it is necessary to plan in advance. It is best to consult an elder law attorney to make arrangements to tackle aging issues such as retaining independence, financial security and quality of life. These attorneys have an acute understanding of the special needs of the elderly and in-depth knowledge of the laws governing these needs and specialize in providing legal help to the seniors. Some issues on which their expert services can be beneficial are:
Medical Care: When you get on in the years, your earning potential decreases while your medical needs increases. The government offers special programs to pay for the nursing care of the elderly with limited resources. The provisions and guidelines of such programs keep changing from time to time. An Elder Law attorney keeps abreast with the changes and guides you in planning judiciously for long-term care.
Estate & Tax Planning: An Elder Law attorney can guide you in management of your tangible assets during life and their distribution upon death by drawing up wills, trusts, etc. You can also make suitable financial arrangements for your spouse’s care. The attorney can even give advice regarding business succession and tax planning.
Disability Planning: Through living wills, living trusts and Durable Power of Attorney, the lawyer helps you delegate financial and healthcare decisions to your agent in case you get incapacitated, physically or mentally.
Other Issues: There are several other issues an Elder Law attorney helps out with. These include advance care directive, senior care abuse, nursing home issues, employment & retirement matters, guardianship, housing issues, social security claims, etc.
Every Elder Law attorney may not be an expert at all these services. If you wish to plan to secure your old age or you need advice to plan for your aged parents, you should search for an appropriate experienced lawyer based on your particular concerns. You can look up an online local business directory, ask referral from your family attorney or take help from agencies specializing in senior care. Interview all prospective lawyers, making sure that they are sufficiently experienced and reasonably priced before selecting the one you find most suitable.