You may not have heard of elder law before and you may not think it is something you would need. But before you make that decision, that a recent report from Genworth found that seven out of ten people will end up needing long term care services in their life time. In addition, as pointed out in a recent article from the Sentinel, “Elder Care: May is Elder Law Month”, the majority of the cost for this long term care will not be covered by insurance.
This is where elder law is important. Elder law is a complex practice that combines legal and financial issues while also considering social and moral issues as well. Elder law attorney focus not only on the estate planning and estate administration need for the aging, but also tend to work with other professional and members of the care team for the client to maximize a client’s quality or life and help to make sure their needs and desires are meet.
No one wants to think about what happens when they can’t take care of themselves any more, but speaking with an attorney experienced in elder law can help to ensure that your golden years stay golden.
Reference: Kaslow, K. (2021). The Sentinel. “ Elder Care: May is Elder Law Month”. https://cumberlink.com/news/local/neighbors/elder_care/elder-care-may-is-elder-law-month/article_aa31cd39-f4d7-5261-8026-a78d8f34d286.html