Why you Need a Sanibel Elder Law Lawyer
Sanibel is a beautiful place where people come to enjoy their retirement and benefit from their years of hard work. It is also the kind of a place where young people come to start and raise a family. The key to a long and happy life in Sanibel is planning ahead and being ready for whatever life tries to throw your way. There are many ways to make sure you are ready for life’s little surprises, and one of those methods is to make sure you get the right legal advice from a good elder law lawyer.
What is Elder Law?
Elder law is a field of law that deals with non-crisis Medicaid planning, crisis Medicaid planning, asset protection, estate planning, and other aspects of law that benefit us as we age. The sooner you start working with an elder law attorney, the more protected your assets will be from those unexpected moments in life.
Asset Protection
Did you know that everything you have worked for your entire life could be gone in the blink of an eye? One car accident could bring about a lawsuit that would cost you your home and your bank account. With asset protection, you can protect all of those assets from creditors and protect your assets from Medicaid when the time comes to utilize an assisted living facility.
Medicaid Planning
Non-crisis Medicaid planning is done well in advance of you needing to apply for Medicaid while crisis Medicaid planning is done when you know you will need to apply for Medicaid soon but have not taken care of your estate yet. When you apply for Medicaid, your eligibility can depend on how you have handled your assets over the past five to 10 years.
With non-crisis Medicaid planning, your elder law expert can help you to make smart decisions with your assets to avoid losing them when you apply for Medicaid. Crisis planning means putting protections in place that will prevent your family home from being taken by Medicaid to pay for your care.
Estate Planning
Do you have a special needs child you want cared for after you have passed on? How do you want your assets distributed after you have passed away. Estate planning is a complicated but necessary process, and something that every resident of Sanibel should be concerned with. A good elder law lawyer will know exactly how to set up your estate for you and make sure all of your final wishes are honored.
We encourage you to give The Mattar Firm a call to make an appointment to get your questions answered and to get the peace of mind you deserve.