An Introduction to Elder Law – 3 Issues

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					                              An Introduction to Elder Law – 3 Issues

When you are making your estate plan you may hear the phrase “elder law” but not really know what it
means. Elder law is simply the collection of legal issues and topics that most often impacts the elderly.
Creating an estate plan, for example, is one aspect of elder law, though the topic includes numerous
other legal issues. Let's take a look at some of the most common elder law issues.

      Powers of Attorney. Our cognitive abilities tend to decrease as we get older. For many aging
       individuals, it is important to have a system in place that allows them to pass on their financial
       and healthcare decision-making abilities to someone else in the event they are no longer able to
       make sound decisions. Powers of attorney are legal documents that you create that allow you to
       pass on your decision-making rights to someone else.

      Long-Term Care. For many people, staying at home as they get older is not a reasonable
       option. Elder law attorneys assist people in determining what kind of assisted living
       arrangements they need to create, from hiring an in-home assistant or transitioning to a nursing
       home facility. They also know how to plan for such an event and whether you can structure
       your possessions to take advantage of Medicaid coverage.

      The Non-Elderly: Elder law is not only a subject that applies to the elderly. For example, in the
       same way an elderly person might wish to create a power of attorney to manage finances,
       parents with small children may wish to create the same instrument in the event the parent is
       suddenly injured or fall ill.

Experienced estate planning attorneys Grand Forks ND of the Raymond J. German, LTD. offers estate
planning and business planning resources to residents of Grand Forks ND. To learn more about these
free resources, please visit www.raygerman.com/ today.

				
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Description: When you are making your estate plan you may hear the phrase “elder law” but not really know what it means.