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Legal assistance from an elder law attorney can prove to be very beneficial when the family members and friends are unsure of various aspects of the elder adults’ legal status. An elder law attorney’s expertise not only applies to current needs of the elder but also to family members and close friends of the elder who may need special needs planning as well. Most attorneys offer free consultation and do not charge any legal fees until their work has been done. It is also not uncommon for some attorneys to offer their services at a minimal cost in return for specific and detailed work accomplished.
Numerous attorneys offer free consultations and handle cases of all ages ranging from simple divorce and death settlements to complex and sensitive issues like elder abuse and neglect. In most cases, family members and close friends will approach an attorney to discuss and provide necessary information regarding a loved one’s legal position. They will then decide whether or not to retain an elder law attorney on a case-by-case basis or to pursue a full-blown legal case. Family and friends may not be aware of certain legalities and facts that may prevent them from pursuing an aggressive legal case. For this reason, it is important to consult with an experienced attorney who is knowledgeable on elder abuse and related laws.
Elder law is a field of legal practice that deals with issues that concern the aging aged population from different angles. The aim of elder law is to prepare the elder individual for total independence and financial mobility through long-term care solutions and proper financial planning. This practice also aims to prevent elderly abuse and ensure the safety and security of elder citizens. Let the Law Office of Thomas Mallon assist you in this regard in Baltimore County.
There are many legal issues with older adults. These issues range from basic and routine health care needs to more complicated legal needs like asset protection, investment, retirement plans, and personal welfare. The legal needs of the older adults are not only limited to these areas but encompasses the full spectrum of their lives. With today’s economic conditions, the needs of the elder population have become much more complex and dynamic.
Another aspect of long-term planning andĀ estate planningĀ concerns the assets and financial portfolios of the elder. An elder law attorney is able to instruct his or her client about how to handle important financial documents and assets. They also assist the client and provide assistance with tax planning. If a family member or friend has recently suffered from an injury or illness that left him or her unable to work, an attorney may help the client manage his or her finances and secure appropriate healthcare. Estate planning may include the wishes of the elder to create a will or trust, establish a retirement plan or establish a living trust.
Many states, as well as private insurance companies, offer the elder a limited power of attorney that enables him or her to legally transfer financial and other assets to a trust. This allows the elder to control his or her own money and assets, eliminating the risk of strangers stealing his or her assets, or leaving him or her in poverty. The attorney can also advise the client regarding the best course of protecting his or her interests in the face of sudden illness or in the event of his or her death.
Long-term and economic prosperity is not always guaranteed by one’s genes. As a result, many elderly individuals often depend on their savings and retirement funds to meet their basic needs and support their livelihood. Unfortunately, some may find themselves unable to continue working because of an accident or an unexpected ailment. In these cases, estate planning may be necessary for the well-being of the elder and his or her dependents. An attorney can advise the client and provide ways to handle his or her financial affairs after he or she passes away.
No one wants to think about the end of their life, but when it comes to long-term planning and economic security, it is best to plan for the unforeseen. If you or a loved one is facing the possibility of incapacitated elder law, contact a skilled attorney who can help you make sure your legal affairs are taken care of. An experienced attorney will work with you to ensure that your wishes are properly executed and that your needs are met after you pass away.
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