One of the key aspects of elder is state planning. Your elder law expert can explain the gift system in the U.S. There is an annual limit you can give to as many people as you want in a single year and not affect your lifetime giving limit.
An executor is the person named in a will who is authorized to manage the estate of one who is deceased. The executor is responsible for paying off any outstanding debt and distributing property and assets according to the terms of a will. An executor must be court approved and be given a Letter of Office to be considered official and legal.
As your parents get older, you may worry about whether they’re still able to make important medical and financial decisions. In some cases, you may find it necessary to obtain guardianship over them so that you can legally handle their affairs.
Finding the right assistance when your loved one is injured or neglected in a long term care home can be challenging. A great elder law attorney may be the best help you can ask for because they know all the ins and outs that will get you the results you need for them.
What’s the difference between independent living, assisted living and nursing homes? There are different rules and requirements for each type of senior living facility. An elder law attorney understands those rules and financing alternatives and can consult with seniors and their families before any decisions are made.
Elder law specializes in helping older persons with their legal needs. These generally include retirement planning, life insurance, medical costs, and estate planning, but can include other legal areas that affect seniors.