Complex Family and Financial Situations that Elder Law Lawyers can Help Sort Out
Elder law is a field of legal practice that deals in the needs of people as they age. It is important to note that you do not need to be elderly to benefit from the services of an elder law professional. If you are looking to be as prepared as possible for your golden years, then it is best to visit an elder law professional as soon as you can. When it comes to complicated family matters, sometimes the very best person for the job of sorting it all out is an elder law professional.
Asset Protection
You don’t have to be elderly to have assets and you don’t need to be elderly to have your assets taken from you in a lawsuit or credit dispute. As you get older, your assets can also become a target of Medicaid as Medicaid looks for ways to recoup the money it spends on your care. Someone well-versed in elder law can untangle the mess, get everything organized for you, and then build up protection against creditors, lawsuits, and most importantly Medicaid.
Crisis Medicaid Planning
Most elder law attorneys offer a service called non-crisis Medicaid planning that allows the client to be fully prepared for applying for Medicaid when the time comes. However, not everyone thinks ahead and a lack of planning can cause a scramble when it comes time to apply for Medicaid benefits.
There are ways an elder law attorney can help protect the assets of the applicant, and an attorney can devise ways to help the applicant be approved for Medicaid despite the fact that the applicant utilized assets in ways they should not have.
Estate Planning
One of the most complex family and financial situations that most families avoid planning for is estate planning. When a loved one passes away, the state of Florida steps in to determine what happens to that loved one’s assets. This can become a problem if the loved one was supporting a special needs family member or offering financial support to other members of the family. An elder law attorney can create an estate that will allow the loved one to continue to offer financial support to family members even after that loved one has passed on.
The Mattar Firm is known for its comprehensive knowledge in the field of elder law. Instead of waiting to talk about your elder law needs, we recommend you give us a call today and talk to one of our lawyers about protecting your family and your assets as you go through life.