Similar to Estate Planning, Elder Law includes all the tools you may need to easily pass your assets to your beneficiaries while minimizing tax consequences. However, it also looks at how you can protect your assets, qualify for benefits as you age, and help you plan for your future.
Our team is well-versed in the unique aspects of Elder Law in Woodstock and can use our experience to help you. You do not need to be elderly to begin work with our team. Reach out to our hardworking attorneys to get started.
Elder Law is a complex area of law that is often misunderstood. While many people know the importance of creating a Will, you also need to have the legal tools that allow somebody to make decisions for you if you become incapacitated.
For instance, if you are seriously injured in a car accident, you need to appoint someone who can talk to doctors, access your medical records, and make important medical decisions on your behalf. Elder Law can also help you put together a plan for your minor children in the event something happens to you and your spouse.
One legal issue that is unique to Elder Law is the protection of your assets. Our local attorneys can help you put together a Trust that meets your specific needs. Additionally, our team can also help you explore different benefits that you may be eligible for, such as Veteran Benefits or Medicaid.
The key takeaway is that Elder Law is unique in that it helps people in Woodstock plan in advance so they can be prepared for the future. This includes protecting your property and well-being while you are alive, and making the Probate process easier and less expensive for your family after you pass away.
There are many misconceptions about how Elder Law works in Woodstock. One of the most common is that you have to be elderly to begin working with us. We can help anyone who is over 18 years old and has assets, such as property or savings, that the wish to protect.
Another common misconception is that spouses automatically get the right to make decisions on your behalf if you become incapacitated or pass away. While this may be true in emergency situations, most of the time they need to have the legal authority to do it.
Finances are even more stringent than medical. If your spouse has a 401(k) to which you are a beneficiary, if your spouse should become incapacitated, you do not have the authority to use that money to pay for their care without legal documentation.
The last myth we commonly see is that you cannot qualify for additional benefits because you make too much money or have too many assets. There are many different benefits out there that you could potentially qualify for to help pay for you or your loved one’s care.
No matter your age, it is beneficial to have a plan in place to protect your belongings and prepare for the future. The unique aspects of Elder Law makes it highly beneficial to people of all ages in Woodstock. Reach out to our team at Nelson Elder Care Law to discuss how our team could help you. We look forward to speaking with you.
