Elder Law is a sub-practice within estate planning that focuses on asset protection and preparing for more imminent incapacity. In addition to general estate planning, Elder Law considers planning for long term care and transitioning out of independent living and into assisted living or a nursing home facility. The basic elements of this type of planning are a Will, Power of Attorney, Health Care Proxy, and a HIPAA Release. It can be expanded to include the Estate Administration of probate and non-probate assets, Special Needs Planning (such as a Supplemental Needs Trust or Medicaid Planning), and Trust Planning (such as Revocable and Irrevocable Trusts, Credit Shelter Trusts, Charitable Remainder Trust, and trusts that protect young children from inheriting too much money too quickly).
If you have questions about any of these topics, please call for a free consultation to meet us and ask questions!