Proactive Approach to Issues Involving Seniors
The legal concerns of people change as they get older, and it becomes ever more important to understand the repercussion of important life decisions. Elder law is an area of law that addresses the specific needs of older family members. If addressed appropriately, it can prevent problems from occurring. If you fail to consider elder law issues, you can make an already stressful situation worse for your family.
At Glatstein & O'Brien LLP, we possess a comprehensive understanding of legal issues related to seniors. We encourage you to take a proactive stance towards legal issues that affect you, your family, and your estate. To learn more about elder law, contact one of our attorneys for an appointment.
Elderly individuals and their families must address a host of legal issues. It is important to speak to a lawyer not only versed in elder law, but someone who has a genuine concern for your family. Some of the issues our attorneys provide counsel on include:
- Medicaid Planning: It is difficult to comprehend that costs of a nursing home can destroy a lifetime of hard work and financial planning. We advise people about the importance of asset protection, irrevocable living trusts, transferring title of property, and legal gifting to family members.
- Estate Planning: People planning for their future need to consider creating a comprehensive estate plan. An estate plan utilizes a will or trust to protect your assets and to define how you wish your assets distributed upon your death. Durable powers of attorney are used to specify who you wish to make decisions for you in the event that you become disabled and are unable to make decisions for yourself.
- Long-Term Care Insurance: People are turning to long-term care insurance as an alternative to Medicaid. This insurance can cover nursing home, assisted living and in-home care expenses. Long-term care insurance expands your choices and protects your assets from being depleted prior to your death so that you can pass on your assets to your loved ones. Long-term insurance is not the best solution for everyone, however, as it can be expensive and the size of your estate may not support or warrant the expense.
Every family should plan for the inevitable problems associated with aging relatives. By dealing with these issues proactively, you save your family a lot of time and stress by dealing with issues before they become crises. To learn more about elder law, contact a lawyer at Glatstein & O'Brien LLP. Our firm represents people throughout the Denver metro area, including clients in Boulder, the Front Range, Englewood, Castle Rock, and Douglas County.
