How Can an Elder Attorney Help You?
- August 12, 2021
- ontarget
- Elder Law
- elder law
- 0 Comments
Bernard A. Krooks, JD, CPA, LLM, CELA, wrote an interesting article on how an elder attorney can help in different situations. In this article, Krooks discussed the possibility of needing specialized legal expertise to prepare for the challenges of growing older.
What if you become incapacitated?
Krooks points out that becoming incapacitated could happen to anyone from dementia, coma, or severe illness. The author states that an elder law attorney can ensure your medical and financial wishes will be respected in that situation. You can have an elder law attorney draft legal documents for you, including a health care surrogate and power of attorney.
What happens if you need long term care?
In this article, Krooks states that Alzheimer’s is just one of many conditions that can lead to requiring an assisted living facility or nursing home. The author states that most people do not realize that Medicare and Medicare supplement plans do not cover this kind of care. This type of care, according to the article, can cost between $100,000.00 to $200,000.00 per year.
With such hefty price tags, Krooks states that most people end up relying on Medicaid. However, Medicaid is a needs-based program, so individuals often must spend down their assets for your family. An elder law attorney can help you craft a plan to preserve more assets for your family.
Start planning before you need help.
It is important to find out which Estate planning documents are necessary in your individual situation. These documents may include a Will, a Trust, a Power of Attorney, a Health Care Surrogate, and a Preened Guardian. Depending on your circumstances, an attorney can help you craft a plan to prepare for the unexpected so that if something happens, it will be less stressful and traumatic emotionally and financially for your family.
If you have more questions regarding an Elder Law matter, you may call Ann Marie Giordano Gilden at Ann Marie Giordano Gilden, P.A. at 407-732-7620 and set an initial consultation.
This article is for informational purposes only and does not form an attorney client privilege.