Variety Of Issues Covered By Elder Law
People hope that they never have to consult an elder law attorney because they believe that these legal specialists focus primarily on protecting the rights of seniors against abuse or neglect. This may be a significant part of their work; many of these practitioners handle a variety of legal topics that are directly or indirectly related to aging. In fact, seniors may need to consult with a litigation attorney with experience in a variety of areas in order to protect their rights or guard their future. You may navigate to our official website, to know more about elder laws and areas that it covers.
Some of the most common areas of practice for attorneys who work with older citizens are outlined here.
Elder law is a legal term coined to cover an area of legal practice that places an emphasis on those issues that affect the aging population. There are three major categories that make up elder law. These categories includes following:
1) Estate planning and administration, including tax questions.
2) Medicaid, disability and other long-term care issues.
3) Guardianship, conservatorship and commitment matters, including fiduciary administration.
Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax.
Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses. Specialists focusing on estate planning can also prepare a living will or power of attorney in order to minimize the risk of an unwelcome guardianship being needed when a senior can no longer care for himself or herself.