If you happen to be caring for a beloved senior citizen, you’ll eventually have to prepare for some late-life legalities:
- More than 55% of adults in the US have yet to establish a will or living trust.
- When a person dies without an official will in place, the estate will be distributed according to the government’s intestacy laws, which means the family will likely be left with next to nothing.
- Creating a functional will is the only way to mitigate estate taxes and decide who gets what when a loved one passes away.
- At least 70% of people that reach the age of 65 will eventually need to enroll in a long-term care facility to account for failing health and mobility issues – only an elder law attorney can help you navigate this complex arena.
As you might imagine by now, it’s in your best interests to reach out to a reputable local elder law attorney to begin creating a workable plan for the future, especially if your parent or grandparent has a myriad of assets, debts, properties, or possessions to account for.
What Can a Professional Lawyer Assist With?
If you schedule a consultation with a trustworthy elder law attorney in Wellesley, MA, for instance, you’ll gain immediate access to comprehensive support with the following aspects:
- Creating living wills
- Drafting simple wills
- Establishing powers of attorney
- Estate planning
- Creating viable trusts
- Top-notch representation for various elder law situations, including guardianship, retirement, social security, Medicare, Medicaid, long-term care planning, and many others.
However, it’s important to note that the most distinguished local experts will be able to provide a personalized analysis free-of-charge, which is why it makes a lot of sense to schedule an introductory meeting as soon as possible.
How to Prepare for Your Meeting
Prior to your first appointment, you’ll want to establish a viable agenda so that you can expedite your consultation, which can include the following:
- Current retirement plans
- Probate strategies
- Preparing for incapacity
- Specific goals or objectives you wish to achieve
- The current state of any wills or testaments
- Any specific questions you may have
With a knowledgeable elder law attorney by your side, you’ll be able to normalize your family’s late-life plans and establish a suitable approach to account for all of your concerns. To know more, please visit the website.
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