A rapid increase in the elderly population has been observed over the last few years and is predicted to continue. Based on this forecast, new legal issues for seniors and caregivers are likely.
If you live with your parents, grandparents, or anyone else who is getting old, looking into “elder law” can benefit you. However, you may need an attorney specializing in elder law assistance as this area is still relatively new. Find out how an elder law attorney can help you and your older loved ones.
When Is the Help of an Elder Law Attorney Needed?
Legal protection for your elderly loved ones becomes more crucial as they age. Seniors can be assured of their security and safety as they age by enlisting the assistance of an elder law attorney and a practical plan ahead. If you need the help of an attorney, here are instances where you may benefit from collaborating with an elder law lawyer.
1. Long-Term Care Planning
Most seniors require help to complete their daily activities, which is why many need to move into nursing homes. Unfortunately, long-term care (LTC) costs a lot. That’s why many seniors turn to Medicaid to get help.
If you have not planned and implemented Medicaid planning into your estate planning and are not eligible for Medicaid, it could place your assets in danger. It is possible to seek advice from an elder law attorney in Coral Springs to determine the best options to increase the chances of eligibility for Medicaid.
2. Incapacity Planning
If you’re an older person, you must add incapacity planning into your will to ensure your wishes are carried out if you lose your ability to communicate due to reasons such as being diagnosed with Alzheimer’s disease.
Living trusts, durable powers of attorney, and “living wills” are standard tools of elder law lawyers to transfer authority. Over medical treatment, finances, and other issues in case of a client’s incapacity or death, a judge will select a person who will handle these duties if no set plan for the future can have a good plan that guidance by an elder law attorney backs.
After retirement, medical expenses can be a problem if not properly planned for. Also, if you are a veteran, you can contact an elder law expertto help you with South Florida veteran’s benefits to ensure you won’t have any problems with medical expenses in the future.
3. Estate Planning
Elder law lawyers utilize trusts wills, trusts, and other estate planning documents to assist clients in disposing of their estates. With a proper plan, elders can also decide how someone who gets an inheritance can use it if they have particular needs, are dependent or have problems with creditors.
Keep in mind that your loved ones with special needs may be disqualified from their government benefits once they receive an inheritance. Thankfully, a disability trust lawyer in Coral Springs can help you avoid that from happening.
4. Guardianship
You might consider requesting guardianship when you worry that an elderly loved one cannot safely be taken care of and manage their finances.
Guardianship processes for a senior or disabled person who can not make decisions independently are handled by attorneys specializing in elder law. They represent those whose families have sought guardianship. Therefore, working with an expert will help ensure your loved ones a safe and secure future.
5. Elder Abuse
Abuse of older people is a frequent social issue that can manifest in various ways. Physical abuse is the first thing that comes to mind. However, financial abuse can cost older people significant money yearly.
If you suspect something related to this, it’s recommended to consult an attorney to make sure the rights of your loved ones and security are protected as they reach old age.