If you’ve ever spent time planning your future, you’ve probably heard of elder law lawyers. But what do these legal specialists do, and what kind of help can they offer you when you’re trying to plan out your estate?
As it turns out, elder law lawyers are a valuable asset, and can give you plenty of useful information about your options for estate planning. But, as an elder law lawyer can explain, they do much more than just advise and point you in the right direction. Read on to learn more about what elder law lawyers can do for you.
Wills, Trusts, and More
When you contact an elder law lawyer, you’re getting a trusted legal advisor who can help you establish a will or a living trust. These are important documents that detail all of your assets and beneficiaries, as well as any instructions you’d want your estate to follow in the event of your death. You can spend days learning about wills and trusts with a trusted elder law lawyer, but that’s not all they can teach you about.
Wills and trusts are important for your family when you die, but if you’re still alive and unable to take care of yourself – and any important financial decisions – you can benefit from granting a trusted individual power of attorney. Powers of attorney give a trusted person the ability to act on your behalf, and an elder law lawyer can help you consider who is the best fit for the job.
If you’re looking after children, disabled adult relatives, or elderly parents, an elder law lawyer can help you plan out guardianship. A legal guardian assumes all the responsibilities of care that rested on your shoulders, and they’re able to step in and take over if you’re suddenly unable to do so.
Elder law lawyers can help you find valuable peace of mind, but what’s the point of estate planning? Do you really need to prepare all these documents if you’re young and don’t have that many assets? Short answer: Yes.
What’s the Point of Estate Planning?
You might think that your assets don’t warrant very much planning, but you’d be surprised at how complicated things can be for your family and friends if you don’t even leave behind a will. The state gets involved and appoints a representative from among your close family to distribute all of your belongings as you see fit, and that’s not always the best for your estate.
Even if you think you have a meagre estate that’s not worth planning out, your family and friends can benefit from a will or trust. If they’re dealing with grief from suddenly losing you, they shouldn’t have to battle with legal paperwork and infighting all at the same time. When you plan your estate, you’re taking steps to make life a little more bearable for your loved ones.
Get in Touch with an Elder Law Lawyer Today
An elder law lawyer is a valuable source of information, and a helpful hand for when you want to plan out your estate and keep things as simple and straightforward as possible for your family and friends. It’s never too early to get in touch with a qualified elder law lawyer: Reach out and start planning today.