Elder law is related to Estate Planning. Elder law is mostly planning for what happens near the end of your life while you are still living, while estate planning is mostly planning for what happens after death. Elder law is a precursor to your estate plan.
As our technology and health care continue to advance, we are living longer. Since we are living longer we to plan for how to get care, how to pay for care, who will care for us if we can’t, and how to protect our assets in the later stages of our lives. It is important to plan for this stage since assets transfers and other related things need to be done before long-term care and medicaid comes into the picture.
Selected services in this practice area:
- Prepare power of attorneys, health care proxies, and other related advance directives;
- Establish eligibility for Medicaid, file Medicaid applications, and advice on Medicaid funding for healthcare programs;
- Medicaid planning for long-term care;
- Drafting Irrevocable Medicaid trusts;
- Provide counsel to Trustees of 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 transfer;
- Draft caregiver compensation agreements;
- Work with client’s financial professionals to integrate long-term care insurance into the overall plan;
- Establish guardianships for adults who lack capacity
Do you have any questions about elder law? Would you like to schedule a FREE strategy session to talk about it?
Please call our office at (802) 442-9800 or schedule a time below.