Elder Law Lawyers
What is an Elder Law Lawyer?
An elder law lawyer is a lawyer that specializes in laws specific to individuals who are over the age of 65. There are many important issues that an elder law lawyer can assist you with, including:
- Retirement plans;
- Wills, trusts, and estate planning; and
- Age discrimination.
An elder law lawyer will take the time to listen to what you desire for your future and how you want your property to be distributed to your loved ones when you pass away. It is imperative that you have your wishes in writing to ensure that they are carried out as you desire.
An elder law lawyer can be an invaluable asset when planning for the future. If you are someone trying to help your parents plan for their future or retirement, an elder law lawyer may be a great recommendation.
Why is it Important to Have an Elder Care Lawyer?
It is extremely important to have an elder care lawyer for many reasons. If you are not quite on the way to retirement yet, a lawyer can help you choose a retirement plan that fits your needs.
Retirement plans are used to provide income after you retire. Some large businesses provide pensions to employees which include a monthly payment based on the length of employment.
A lawyer will be able to provide information on the types of plans and which may best fit your needs.
An elder care lawyer can also assist you in planning for the distribution of your estate upon your passing. You have worked hard to obtain your assets, no matter how big or small they may be, and you want them used to benefit your loved ones. This is often referred to as estate planning.
It is never too late to enact an estate plan. This includes drafting a will that will specify exactly what happens to your property and, if it fits your situation, drafting trusts to hold your property for loved ones. Your estate includes all of your wealth and assets, including:
- Real property, or land;
- Money;
- Insurance;
- Investments;
- Personal property; and
- Debts.
Estate planning also limits the probability that there will be disputes over your property. Estate planning documents can be used to settle disputes, which are resolved by a will settlement.
Do You Need an Elder Law Lawyer for Your Case?
Yes, you absolutely need an elder lawyer for your case or estate planning needs. Ensuring that your rights are protected is extremely important in your golden years. It will bring you peace of mind and the ability to enjoy travel and grandchildren knowing that you have income and your property will be distributed as you wish whenever you pass away.
If you are still employed, your elder care lawyer will ensure that your rights are protected at work and you are not subjected to age discrimination. If you are not quite in your golden years yet but are looking to plan for them, an elder law lawyer can advise you on the best plans to make now in order to enjoy your golden years later.
