Elder law is related to estate planning. Elder law is the long-term care planning for before the estate plan. As we advance with health and technology, we are all living longer on average. Since we are living longer we need to plan for how to get care, who will care for us if we can’t, and how to protect our assets at the later stages of our lives. Elder law is related to this timeframe just before end-of-life. It is important to plan for this stage early since asset transfers and other related tasks need to be done before long-term care and medicaid becomes activated.
Selected services in this practice area:
- Prepare powers of attorney, health care proxies, and other related advance directives
- Establish eligibility for Medicaid, file Medicaid applications, and advice on Medicaid funding healthcare programs.
- Medicaid planning for long-term care.
- Draft irrevocable Medicaid trusts.
- Provide counsel to trustees of living trusts and Medicaid trusts regarding distributions and review annual trust accountings to determine affect on Medicaid eligibility
- Assist with the funding of trusts and asset transfers
- Draft caregiver compensation agreements
- Work with client’s financial professionals to integrate long-term care insurance into the overall estate plan
- Establish guardianships for adults who lack capacity