Elder law practice deals with issues that arise when our medical condition, housing needs, and finances overlap, due to our advancing age. Common legal advice includes powers of attorney, living wills, guardianships and conservatorships, asset preservation as it relates to long term care, qualifying for Medicaid and/or Veterans benefits that can assist in paying for long term care, and more general estate planning conducted in a way that will not interfere with obtaining those government benefits.
Oftentimes an orphaned child or adult family member needs to have a guardian appointed to obtain the legal right to make decisions for that person. The court appoints a guardian to be responsible to make decisions such as where the person should live, what education the person should receive, and what medical care the person should receive on the person’s behalf.
Unlike a guardian, conservators take over the financial aspects of a person responsibilities. Children who have money that is not left to a trust need a conservator to manage their assets. When adults experience issues making decisions managing their own affairs, a conservator may be needed to take over these duties. A conservatorship for an adult can sometimes be avoided if a Durable Financial Power of Attorney is put in place before the decision-making capacity becomes significantly impaired.
To learn about Wills, Trusts, Powers of Attorney, and Living Wills, visit our Estate Planning page.
Most clients experience a great sense of relief once they have signed the documents that will put their estate and other affairs in order. Please contact us today to make an appointment and to learn if you qualify for a reduced priced will. (515) 986-2810.