Elder Law can include estate planning, health care planning, planning for incapacity or mental incompetence, preparing applications for or the management of the receipt of benefits, guardianship, and asset preservation.
A well-planned estate will ensure that your parent’s wishes are carried out as well as making sure that they receive the best care possible without putting a financial strain on them or other family members.
"The Medical Assistance or “Medicaid” applicant must meet several criteria to obtain benefits. If deemed eligible, Medicaid will partially offset the applicant's cost of nursing home care.
Like many people, you may be avoiding estate planning. However, it's necessary so that you can avoid confusion & prevent a potential great burden for your loved ones.
A trust is a written document that creates a relationship between persons. The grantor or settlor is the person who creates the trust. The terms of the trust are set forth in the document.
It does not matter how much forethought you put into distributing your assets, or how expensive it was to draft your will or trust if the people bound by these documents do not know what they contain, or potentially that they even exist.
This field of law secures proper care and future security for the growing elderly population. More importantly, it is an opportunity to embrace the idea of pre-crisis management and planning for the future.
