What Is Elder Law?
Do you have a senior loved one? Maybe it’s a family member or friend. As our population matures and the middle-aged adults are eventually classified as elderly, there is more of a need for assistance with estate planning, wills, trusts, and elder advocacy. While many senior people have family members or close friends that can advocate for them, there is another percentage of the population who don’t have family or close friends who can help.
Understanding the nuances of Medicaid, Medicare, estate planning, and other areas of elder law can be a daunting task. Seeking guidance from an experienced attorney can make the process more manageable. While you might be concerned about the cost of expert legal assistance, we can assure you it can be affordable when compared to the rising costs of long term care.
Elder law, sometimes referred to as “older adult law,” covers legal issues affecting people aged 65 and older as well as their caregivers, family, and friends. Issues affecting this population include financial planning, estate planning, guardianship decisions, health care decisions, older adult abuse, end-of-life decisions, and elder care. In the case of special needs older adults, consideration must also be given to their lifetime care. Many times, family members do not live nearby, and their elderly family member may be forced to make these life decisions on their own when they may lack the mental capacity to do so. Hiring the best elder law attorney in Central Florida will ensure your loved one has a plan to manage their healthcare and financials.
At The Law Offices of Hoyt & Bryan, we are experts in elder law. Our holistic approach allows our clients to maintain control of their assets, while planning for their remaining years, whether that be at home, in assisted living, or in a nursing home environment. In the case of veterans, our firm can provide assistance in uncovering the benefits a senior veteran may be eligible for.
Regardless of finances, our team of elder law attorneys stands ready to provide legal guidance tailored to your loved one’s specific circumstances. While your senior is still cognitive, we highly recommend meeting with one of our estate planning attorneys to discuss trusts, advanced directives, Medicare/Medicaid, and final plans for what to do when someone dies.
If you are an older adult who is thinking ahead and approaching retirement, how long will your assets last if you have a long term care crisis? Maybe you have real estate investments or investments in the stock market? How do you protect these assets as you age? Our estate planning attorneys in Oviedo, Florida can assist with real property law and tax law, particularly in the cases of retirement planning and the need to draw funds from your Roth IRA or your 401K.
Tax law is another key area many don’t consider when planning for the future, whether it’s for yourself or a loved one. Managing estate taxes and avoiding capital gains are common needs among our clients. Our attorneys can help you keep more of your long-term investments and minimize future tax obligations.
Engaging in proactive planning with a seasoned elder law attorney, particularly one who specializes in estate planning, is the best way to protect yourself and your family.
We invite you to consult with one of our experienced elder law attorneys.
We can answer questions such as:
What is probate?
What is a trust?
What is a will, and how is it different from a trust?
How do I protect my assets?
What are advance directives?
When should I consider
getting a legal guardian to care for my elderly parent?
What are my veteran benefits?
What do I do when someone dies?
What is Medicare?
Am I eligible for Medicaid?
Can I use my IRA or 401K to pay for my nursing home care?
We can answer all of these questions and more when you call our elder law and estate planning law firm in Oviedo, Florida at 407-977-8080.
Contact us today!
