Understanding Estate Planning And Elder Law
Elder law and estate planning are two areas of the law that are often confused. Although they both deal with the legal rights of older adults, they are two distinct practice areas. Estate planning is focused on financial matters, while elder law encompasses a wide range of legal issues that affect older adults.
There are many different practice areas in elder law, including disability law, health care law, guardianship, long-term care planning, and Medicare/Medicaid planning.
Elder law attorneys also help their clients in gaining financial freedom and defend financial defending rights in cases of elder abuse or discrimination.
If you are an older adult with legal questions or concerns, it’s important to consult with an elder law attorney. This article will help you understand & learn more about the difference between elder law and estate planning!
What is Estate Planning?
Estate planning is creating a plan for how your assets will be distributed after your death. This process can be simple or complex, depending on your circumstances. An estate plan can help protect your assets, minimize taxes, and ensure your wishes are carried out.
There are many different estate planning tools available, including trusts, wills, and Powers of Attorney. The right tool for you will depend on your unique circumstances. Estate planning can be complex, so it’s essential to work with a qualified professional to create your plan.
What is Elder Law?
Elder law is a branch of law that deals with the unique legal needs of older adults.
Elder law attorneys are specially trained to deal with the legal challenges of older adults. They can help you navigate the complex maze of laws and regulations that surround issues like Medicare, Medicaid, and Social Security. They can also help create a plan to protect the assets and ensure that your wishes are carried out after your death.
If an individual is an older adult, or someone who is caring for an older adult, elder law can provide them with the peace of mind that comes from knowing that you have a plan in place to deal with whatever challenges may come your way.
Difference Between Estate Planning and Elder Law
Estate planning and elder law are critical legal toolkits that can help protect your assets and your loved ones. But what are the key differences between these two practice areas?
A wide range of legal concerns on senior citizens’ rights is covered by elder law. It entails safeguarding senior citizens’ assets, preventing elder abuse, and assuring them access to healthcare.
Planning for a client’s future medical needs is frequently a part of eldercare. Even if you can make these decisions for yourself in the future, it is crucial to take action now to safeguard your medical care. You might create a plan for any medical care you might require should you become incapacitated in the future by working with an elder law attorney.
The proactive measures one can take to determine how their assets will be distributed after death are referred to as estate planning. If you don’t create an estate plan during your lifetime, someone else will have to make these choices on your behalf. Your estate plan might be viewed as a road map for those who survive after you. It will provide your loved ones—and, in some situations, the courts—clear direction on your ultimate desires.
Why Do Individuals Need Both Estate Planning and Elder Law Services?
Your clients might need both estate planning and elder law services as they age. Estate planning can help in making a plan for what will happen to their belongings after death, and elder law can help you deal with the unique legal worries of older adults.
Glocal LPO is the leading outsourcing firm for legal needs. We have been helping big and small law firms with their legal concerns in a way that they focus and put their internal resources into more important cases.
Our elder law attorneys can help your client:
- Obtain and maintain life, health, and disability insurance in any form for disabilities
- Take action against elder abuse and neglect, including nursing facility abuse.
- Investigate and pick long-term care institutions for the elderly.
- Defend you from discrimination due to age.
Our estate planning lawyers are skilled and qualified legal experts. They have in-depth knowledge of the state and federal laws that impact how your clients’ estates will be accounted for, evaluated, distributed, and taxed after their passing.
To know more about our services and expertise, log on to: www.glocallpo.com/
