When an individual is in need of long-term care, both they and their loved ones are typically fearful of the prospect of running out of resources needed to pay for the care required. We help to alleviate that fear and through proper planning help to prepare the elderly client for financial freedom and autonomy.
The purpose of elder law planning is to prepare the client for financial freedom and autonomy through proper financial planning and long-term care options.
Asset preservation and Medicaid planning are unique and complex areas of the law and are very distinct from general estate planning. Long-term care costs are escalating and most individuals are concerned with how they will pay for their own long-term care or the care of a spouse, without depleting all of their assets. While estate planning typically focuses on what will happen to assets after one dies, elder law focuses on how to deal with one’s assets during their lifetime in order to procure long-term care without the complete loss of assets.
We advise elder law clients not only on living wills, trusts, durable powers of attorney, appointments of health care representatives, irrevocable life insurance trusts and other complex trusts, but also on Medicaid planning, Medicare claims and appeals, guardianships, nursing home issues, elder abuse and fraud recovery, age discrimination in employment, retirement benefits and other issues that confront the elderly.
