As financial and medical systems tend to become more confusing every year, it can become hard to make aging-related plans. Thankfully, elder law can address this concern. An experienced elder law lawyer works with other experts in financial, medical, as well as caregiving services to help you navigate the complicated system that surrounds aging and long-term care.
Planning for Caregiving
It is important to plan for both your current and future possible care needs and the means to pay for them. During the planning process, you must discuss significant aspects such as your preferred care setting, family structure, and resources. You may want to depend on some loved ones to care for you in the future or hire caregivers to help you perform daily tasks. Otherwise, you may need to move to long-term care facilities.
Designating Someone to Make Decisions for You
If you won’t be able to make financial or medical decisions for yourself, you need someone to make them for you. When you pick representatives, consider their locations, their professions, their relationships with one another, and their availability. These representatives will determine who acts in your best interest, who gives support to you in the future, and who you can trust to help you executive your affairs.
Estate Planning
A lawyer who specializes in elder law takes into account matters like long-term care planning, client protection, and the future physical or mental ailments of a client. A conventional estate planning lawyer will help you plan for your beneficiaries; however, you should also think about your needs should you become physically disabled or suffer from a reduced cognitive ability. Your attorney will assess your circumstances to help you draft a will and trust as well as plan for medical costs and long-term care needs. Also, they can help you determine how to help you choose an agent through a power of attorney. If there is no power of attorney in place, your attorney can work with the court in appointing a conservator or guardian.
Finding the Perfect Lawyer
No matter how young or old you are right now, it is never too late to consult with an elderly law attorney. By planning your affairs even if you are still employed, you can save you significant stress and headaches. While choosing a good attorney can be challenging, it can help to get recommendations from financial planners, medical experts, lawyers, and friends who have hired an elderly attorney before. Also, the internet is available to help you with your search.
