Who Needs to Hire an Elder Law Attorney?
The complexities involved with elder law inspire many to postpone addressing the matter as long as possible. While elder law issues can be complicated, early planning can be pivotal for many individuals and families.
Do You or Your Loved Ones Need the Services of an Elder Law Attorney?
Working with a Qualified Elder Law Attorney Means Avoiding Costly Mistakes: Florida laws are precise. They dictate exactly what can and cannot be included in a will, a trust, an advance medical directive or financial power of attorney. Florida law also determines who can and cannot serve as a personal representative, health care surrogate, or trustee. They specify who can and cannot be a witness to a will, trust, or power of attorney. These same Florida laws also designate formalities that must be followed when signing a will, trust, or power of attorney. Florida handles the administration of Medicaid at local levels and laws, and the limits and eligibility requirements for Medicaid, and the spend down strategies are established by Florida. The complexities of elder law are often found in the details. Working with a qualified estate planning attorney in your area is vital and can help you avoid simple but potentially expensive, mistakes that come from not being thoroughly familiar with specific laws in your state that apply to your exact situation.
Working with a Qualified Elder Law Attorney Improves Chances of Eligibility: Many individuals are not aware of exactly how vital eligibility for Medicaid benefits and other assistance programs is until they need it. Avoid finding yourself denied when you need benefits by maximizing your chances of qualifying with an experienced Medicaid Planning attorney. Too many individuals and families attempt to save money by handling their Medicaid planning and estate planning needs on their own or with minimal assistance only to find out later that what money they did spend was wasted, their planning inaccurate or illegal, and they did not create the protection they intended for the family and their assets.
Working with a Qualified Elder Law Attorney Helps Sort Out Complex Family and Financial Situations: Many of us don’t realize that our life has evolved to include complicated family and financial situations until they become a problem. Working with a qualified Elder Law attorney helps address the issues before they even become an issue. Your Elder Law attorney will address issues related to: second (or later) marriage, business ownership, multiple business ownership, real estate assets in various states, special needs of family members or disabled family members, minor children, problem children, no children, charitable legacies, significant 401(k)s or IRAs, recent divorce, recent loss of a family member or spouse, incapacitated spouse in need of long-term care, a taxable estate, etc.
If you have unanswered questions about Elder Law or if you need assistance and want to work with an experienced and qualified Elder Law attorney, please get in touch with us at Elder Solutions Law Firm. We are ready to help you.