The area of elder law is a legal specialty that is quite relevant at the present time. There is an unprecedented aging of the population underway due to the fact that the baby boomers are attaining senior citizen status. Elder law attorneys counsel people who are concerned about the eventualities of aging, so there are a lot of questions to be answered.
The major source of concern within the elder law community is the matter of long-term care and the expenses that go along with it. Medicare does not pay for living assistance, and it is statistically likely that you will require long-term care if you live long enough to attain senior citizen status.
Long-term care is quite expensive. Here in California, the average annual cost of a semi-private room in a nursing home is hovering around $100,000, and it is even more expensive in some areas of the state. The average length of stay is over two years, and 10 percent of people in nursing homes receive the care for at least five years.
Medi-Cal is another government health insurance program that does pay for long-term care. It is the solution for many Californians, and elder law attorneys help people who would like to obtain Medi-Cal eligibility. Since Medi-Cal is a need-based program, this takes careful planning.
Other Legal Areas
Most elder law attorneys extend their practices into the estate planning and estate administration arenas. When you think about it, elder law and estate planning are intimately intertwined, because you preserve assets for the benefit of your loved ones when you implement nursing home asset protection strategies.
There are many different ways to facilitate asset transfers, and the optimal strategy will vary depending on the circumstances. When you work with an estate planning attorney, you can create a custom crafted estate plan that satisfies all of your objectives.
Comprehensive Elder Law and Estate Planning Information
If you are pragmatically looking ahead toward your senior years and the twilight years that will follow, you probably have a lot of questions. We endeavor to provide information through our website on an ongoing basis, and this blog is one source.
In addition to the blog, we have also created an electronic library that houses in-depth special reports that cover numerous different estate planning and elder law topics. You can obtain a great deal of information if you access the reports that interest you, and they are free, so there are no risks involved.
You can browse all of the titles and download any or all of the reports. Click this link to access the appropriate page: Free Elder Law and Estate Planning Reports.
Take Direct Action
Written information is very useful, but there is no substitute for a one-on-one consultation with an experienced and qualified elder law attorney. If you would like to set up a consultation, send us a message through our contact page: Sacramento CA Elder Law Attorneys.
- Estate Planning for Young Professionals: Building a Foundation - March 3, 2024
- How to Deal with Debt and Mortgages in Estate Planning - March 1, 2024
- Estate Planning and Philanthropy: Leaving a Charitable Legacy - February 28, 2024