Sometimes you make a relatively small investment in the present so that you can save a great deal of money in the future. This is a dynamic that enters the picture when you are looking at the value of a consultation with an elder law attorney.
Before we get into the matter of money, we should explain exactly what elder law attorneys do, and we should also look at the reasons why you may want to consult with one.
Elder law attorneys focus their practices on senior issues. You should certainly understand the eventualities that you may face as an elder, and you can gain an understanding of the lay of the land if you discuss everything with a licensed elder law attorney.
It is natural to assume that Medicare will pay for all of your medical expenses when you become eligible at the age of 65. There are out-of-pocket expenses to contend with for things that are covered, but most people would find them to be manageable. However, there is a gap in the coverage that is not manageable for most people.
Medicare does not pay for most long-term care. Most seniors will need help with their day-to-day needs eventually, and nursing homes are extremely expensive, so this is a very pressing elder law issue.
If you take no steps in advance to prepare for these expenses, everything that you intended to leave to your loved ones could wind up going to a nursing home. Though Medicare does not pay for the majority long-term care, Medi-Cal will help with these expenses. As a result, elder law attorneys help clients who want to become eligible for Medi-Cal.
You could essentially give your loved ones their inheritances in advance before you apply for Medi-Cal coverage. To obtain coverage at the ideal time, you have to act in advance, because there is a 30 month look back in California. Your eligibility may delayed if you give away assets within 30 months of applying. However, an experienced elder law attorney can assist with planning options within the 30 month look back period.
Long-term care is the most important elder law issue of our era, but there are other matters that you should be aware of when you are looking ahead toward your senior years. An elder law attorney can explain these things to you and help you prepare for them in advance
Elder Law Attorney Fees
Each law firm has its own fee structure. Most firms will charge a flat fee for the particular type of service that was rendered. Others may charge by the hour, and there will typically be incidental costs added.
Elder law attorneys often help clients with estate planning matters as well, so you could create a comprehensive plan for your own benefit and that of your loved ones.
Elder Law Consultation
If you would like to schedule an initial consultation, send us a message through this page: Sacramento CA Elder Law Attorneys.