The good news is that people are living longer. The average age of Americans is getting older.
The downside is that there are more Americans facing dementia than ever before.
As you get older, it’s more important than ever that you plan for the future. An elder law attorney will help you make sure you have all of your affairs in order.
Here are four important reasons to hire an elder law attorney in New York.
1. Coordinating Care for Health and Living
Most people need some level of more advanced healthcare and living assistance as they age. Navigating the options can be very complicated. Consider, there are a wide range of living arrangements to consider including home care, independent living, assisted living, and nursing homes. An elder law attorney will help you understand what to expect for the level of care and costs.
Moreover, an elder law attorney will help you understand the healthcare options for seniors and different considerations to make as you get older. For example, when it comes to your healthcare needs, it’s wise to consider end-of-life planning. You may want to develop a living will, basically your end of life – just in case – treatment plans. You will also probably want to prepare for passing along your decision-making authority to a trusted caregiver as you get older.
2. Transferring Decision Making Authority
In the ordinary course of aging, it will eventually become more challenging for you to handle the big financial and healthcare decisions that need to be made. Fortunately, if you plan ahead, there are ways to ensure that you’re able to manage these difficulties or at least manage those who will take care of these decisions for you.
You will probably want to establish advance directives. These are legal documents that allow you to direct your future caregivers on how to handle certain circumstances. However, occasions can arise that are not covered by advance directives. In whatever way your future plays out, an elder law attorney will help you plan for and establish the transfer of your decision-making authority to a trusted caregiver.
3. Understanding and Receiving Benefits
Today, millions of aging Americans are missing out on billions of dollars in benefits, mostly because they aren’t aware they’re eligible.
New York State and the federal government both offer financial and aid benefits to seniors based on age and income.
A good elder law attorney can help make sure you’re not missing out on any benefits and that you’re not paying too much for the services you currently receive.
4. Financial Planning and Representation
Financial planning means understanding how you’ll pay for your day to day needs and the costs that will arise as you continue to age. Additionally, financial planning means Estate planning.
Estate planning involves establishing a will or a trust. You will need to determine what will be done with your financial and property assets, the guardianship responsibilities you have for any family members, and possibly business succession planning.
Hire an Elder Law Attorney
Use this list to start considering what your needs are, and then contact us to schedule your strategic planning consultation.