Often, when clients come to us, one of the first questions they ask is “What is the difference between Estate Planning and Elder Law?”
While this question may seem simple, whether a client needs Estate Planning or Elder Law, legal services depends greatly on each client’s unique set of circumstances. To help you make a more informed decision about the type of planning that best fits your goals and needs,
we want to share with you some of the key differences between Estate Planning and Elder Law.
First, did you know that Estate Planning services can be utilized by anyone, regardless of age? It is a common misconception that only aging adults and seniors need an Estate Planning attorney. This type of attorney can help you prepare for and accomplish your planning goals by preparing important documents, for example, Last Will and Testaments, Trusts, Living Wills, Durable Powers of Attorney, and Health Care Powers of Attorney. These legal planning documents deal with how your assets will be transferred after your death, and who will make decisions on your behalf in the event that you become incapacitated.
An Elder Law attorney shares some similarities with an Estate Planning attorney, as Elder Law encompasses all elements of Estate Planning, but goes a few steps further. An Elder Law attorney can help aging adults think ahead and thoughtfully plan out their lives, whether that involves planning for long-term care costs, understanding veterans benefits, or determining benefit eligibility. Additionally, an Elder Law attorney will put the interests of their client first, by focusing on preparing for the asset protection of a senior client who may be moving into a nursing home or facing other unique challenges. As we age, it is inevitable that we may experience different challenges, both financially and medically. An Elder Law attorney can help you prepare for these challenges ahead of time, so you can rest assured knowing you and your loved ones will be well-taken care of in the future.
We know it can be challenging to prepare for the future, but planning ahead is key to ensuring you leave behind a legacy for your loved ones that you are proud. When you are ready to start your planning, do not wait to contact us to ask us your questions and set up an appointment. We are here to be a resource for you for your Estate Planning and Elder Law needs.