What Does an Elder Lawyer Do?
Many people are unfamiliar with the term elder care lawyer. It's not surprising, as it's not a topic that comes up much in daily life, but it's an important thing to think about as we get older.
As we approach the golden years of our lives, many issues arise revolving around estate planning, health care, housing and other financial considerations. Elder-care attorneys function as a single source for advice, information and execution of these issues and their solutions.
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Ensure that wishes are carried out! This is one of the important steps a person can make to ensure their estate, health care wishes, will, and finances are properly handled. The idea that relatives may one day be fighting over whether or not to pull life support or arguing over property division is a horrific thought. Do not procrastinate! It is even worse when there is no will and the state decides who gets what.
Elderly estate planning may involve one or more of the following:
A successful elderly estate planning transfer allows the family members to handle the estate properly when one is no longer able to make decisions for themselves. After the fact, it is a great idea to plan ahead of time for estate tax consequences. If not planned right, tax issues may leave just a portion of the estate to the family members.