This country is experiencing an unprecedented growth in its senior class. This has affected the ability of government agencies and private employers to meet the needs of burgeoning retirement rolls. Elder law has taken on added significance as families more often have loved ones who live long into old age. If you are interested in obtaining assistance with elder planning it is in your best interests to work with a Texas elder law attorney.
Elder Law Described
Elder law encompasses various matters that affect the elderly, including appointment of caretakers, healthcare, elder abuse, estate planning, guardianship, long-term medical care, and elder abuse. Some elders find themselves in diminishing health to the extent that they need someone to act on their behalf with powers of attorney.
What an Elder Law Attorney Does
An elder law attorney can assist with many matters, from placement in an appropriate nursing or assisted living home to financial advice. An attorney can help you file your Medicaid application, and can work with you on strategies to protect assets for your loved ones after you pass. If you are a veteran, your attorney can help you obtain the benefits you have coming to you.
Among the more important functions of an elder law attorney is providing advice on estate planning. No one wants to see one's assets eaten away by estate taxes, and it is important to set up a will and possible trust to ensure that assets are distributed in accordance with the grantor's wishes. If an elder is concerned about making sure that a spouse is left provided for, an attorney can help develop strategies to invest money and set up a marital trust to ensure this.
If You Need Assistance with Estate Planning or another Elder-Related Matter
Given the increased likelihood that a person will live a long time after retirement, it is very important to have plans in place in case he becomes ill and cannot care for himself. It is also important to have an effective estate plan in place. A Texas elder law lawyer can help you with your concerns. Call Peterson Law Group today at 979-703-7014 or 936-337-4681.