What is estate and elder law?
The basic difference is that Elder Law planning seeks to preserve your income and assets for use while you are alive. Estate planning is primarily concerned with implementing your wishes and distributing your assets after you pass on, in the most efficient and tax advantaged way.
What is elder law and how can it help you?
Elder Law and Estate Planning For those of us with the benefit of having savings and assets through old age, what happens to it when we pass can be a source of stress. One of the key components of elder law is financial and estate planning, which can help give peace of mind in knowing that both you and your loved ones will be taken care of.
What kind of attorney is an elder law attorney?
What is an Elder Law Attorney? An elder law attorney is a lawyer specializing in issues that affect the aging community. Elder law attorneys are experts in Medicaid and related issues, but their expertise extends to all broader issues related to elder care, aging, and the law – a wide-reaching, often complicated milieu of interrelated topics.
How can an elder law attorney save you money?
If you plan to set up a trust, living will, transfer of assets, or other legal considerations related to a loved one’s Medicaid application, an elder law attorney can save you money. Lots of it. Often, elder law attorneys will employ in-house benefits specialists / Medicaid specialists, to help structure assistance and thus save you money.
Is the elder law the same as estate law?
Elder law isn’t the same thing as estate law, although they cover some of the same issues. Elder law addresses your finances and property in such a way as to best provide for you and your family while you’re still alive.
What is an Elder Law Attorney? An elder law attorney is a lawyer specializing in issues that affect the aging community. Elder law attorneys are experts in Medicaid and related issues, but their expertise extends to all broader issues related to elder care, aging, and the law – a wide-reaching, often complicated milieu of interrelated topics.
If you plan to set up a trust, living will, transfer of assets, or other legal considerations related to a loved one’s Medicaid application, an elder law attorney can save you money. Lots of it. Often, elder law attorneys will employ in-house benefits specialists / Medicaid specialists, to help structure assistance and thus save you money.
How much does it cost to hire an elder care attorney?
There isn’t a clear-cut answer as to the cost of hiring an elder care attorney for Medicaid planning purposes. Some Medicaid lawyers offer free consultations, while others charge an initial consultation fee or offer Medicaid planning conferences that range in cost from approximately $175 – $500.
Are there law schools that teach elder law?
Law schools took notice as well, and in 1985, the Association of American Law Schools formed the section on aging and the law. Now, law schools across the country offer elder law courses as part of the curriculum.