Virginia Elder Law
Some have called it “the graying of America” — over the next forty years, the percentage of Americans who are 65 years old or older is expected to reach 20%, an all time high. As our population ages, we work to find strategies to protect and provide for quality of life for ourselves and those we love. If you or someone you love is approaching the 60-year old mark, then it is defiantely time to review your estate plan. Here are some things you and your estate planning attorney should consider as you consider this emerging area of elder law planning.
Elder Law Tips For Reviewing Your Estate Plan
- Excellent Elder Law Attorney. Find an Attorney who will listen to you and craft a plan that works for you and your family. Don’t use an online service or downloadable template. There is just no guarantee it will comply with Virginia law, and no guarantee that an Attorney would be willing to enforce it in court if you or your loved ones needed to in the future.
- Power of Attorney for Health Decisions. This document explains who doctors and medical professionals should listen to if you become incapacitated for any reason. A living will is also important here, because it tells your family and your doctor what to do in the event you’re placed on life support.
- Power of Attorney for Financial Decisions. This document helps you select a person or people who will handle your financial affairs in case you become incapacitated. Your Virginia Elder Law Lawyer can help you decide who would be a good person for you to select in this position.
- Wills and Trusts. Everyone needs a will. It is the basis for all of your estate planning. Many clients also benefit from creating a trust. Property and other assets can be placed in the trust to avoid probate, a lengthy, expensive, and invasive court process that happens when someone dies with only a will or no will at all.
Elder Law planning has its own challenges and rewards; most clients feel a true sense of security and accomplishment after they’ve consulted with our attorneys and developed a solid plan, that they can update simply and quickly as needed. Let’s talk about estate planning for you or your loved ones. The initial consultation is always free, so give us a call now.