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What is Elder Law? Elder law is a legal term that is used to cover a specific area of legal practice that puts emphasis on various issues that affect the aging population. Every year as more and more of the population becomes part of the Elder Law it has become one of the most dynamic law practices. At the present, at least three main categories make up Elder Law: 1. Estate Planning and Administration including tax questions and information.
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2. Medicaid, disability, and other long term care information.
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3. Guardianship, conservatorship, as well as commitment matters. There are numerous other issues found under the umbrella of elder law, this include estate planning, wills, trusts, guardianship, protection against elder abuse, neglect, and fraud. Experts in elder law will also be able to help in issues such as end of life planning, all levels of disability and medical care, social security benefits, retirement planning, consumer protection, nursing homes, in-home care, power of attorney and physician or medical care. Estate Planning In the State of Florida When a person is in his or her old age and nearing the end of his or her life, it is important to consider issues that are related to what they will do with their belongings once they have passed on. Nonetheless, estate planning should be more than just a “death plan”. Most of the time, elderly think that they can just administer a will and everything will be set in place once they are gone or can no longer decide on behalf of themselves. When you do not prepare well for your future, you may be subject to elder abuse or your loved ones may need to pay expensive tax consequences because of the inheritance that you will be leaving behind. Estate planning will cover all the information that you need including protecting your assets and tax proofing your properties. Medicaid, Disability, and Long-Term Care Another essential area in the field of Elder Law is paying for the elder’s medical expenses when he or she is at the end of his or her life. It is crucial that that you get sufficient coverage in place to take care of your future expenses. Beyond the typical financial issues, you also need to plan out how you would want things to be handled during your last days, such as what kind of care you’d like to get to extend your life. Leaving behind plans often in a form of a living will help prevent families and loved ones the uncertainty of what needs to be done when you can no longer decide. Other concerns that can be addressed by an elder law, includes, medical care directives, Crimes against the elderly, declarations and powers of attorney, landlord and tenant needs, real estate and mortgage assistance, tax issues, and discrimination.