Estate Planning: Elder Law Issues
With the growing number of Americans over age 65, elder law is a growing area of estate planning practice. It encompasses the issues involved in planning an estate to address issues encountered later in life. Some examples of issues faced include:
- Medicare planning
- Medicaid planning
- Long-term care
- Nursing homes
- Assisted living
- Powers of attorney
- Advance directives
- Living wills
When you are nearing age 65 or over, you really need to consider what will happen if you become ill, incapacitated and in need of care. Having a plan before this occurs can bring peace of mind to your loved ones and prevent conflict.
Don’t Wait Too Long To Create A Plan
As with any aspect of estate planning practice, you can never start too early planning for Medicare and Medicaid issues. There are look back years and if you wait too long to develop a plan, you may be out of luck. At Stephen K. Snavely Co., L.P.A., we work to find options to make sure that a spouse or both spouses will be taken care of whether in care or in the family home. We will work with you so that you avoid spending yourselves into poverty because one of you or both of you have to be in assisted living, a nursing home or some other long-term care.
Our experienced lawyers can help you navigate this difficult area of law and develop a plan to address your concerns. From our office in Defiance, we frequently serve elder law clients throughout Northwest Ohio.