Elder care laws cover and govern legal and practical problems affecting people over 65 and their family, friends, and caretakers. Elder care laws are also named older adult laws. This law primarily focuses on older people, but people associated with them, such as their families and friends, also need information on how this law works.
Some common issues revolving around older people are health care decisions, financial and estate planning, older adult abuse, elder care, etc. Visit Keystone Elder Law to learn more about elder care laws.
Older people need legal assistance for several issues and problems, such as:
Estate planning refers to deciding what to do with your assets after you die.
You can do estate planning at any age, but most people choose to start planning for it at an older age. There are several laws for estate planning, such as the validity of wills, determining how trusts govern assets, and ownership of the assets.
Some people have the belief that estate planning is only for wealthy people, but that is not true. Anybody can do estate planning; everyone should do it as it helps control their legacy.
If you do not have an estate plan, you will be unable to protect your assets or make sure your assets go to your loved ones.
You should consult with a lawyer to ensure your wishes are respected after passing on.
Wills and Trusts
Creating a will and creating trusts can be one of the most vital elements of estate planning.
Making a will gives you a chance to declare instructions on who should inherit your assets. At the same time, a trust allows you more control over your funds and assets during and after your death.
To give an example, you can create a trust for someone who is a minor, and you want to leave money to them after your death. You can name a trustee to manage the money until the child turns 18 or gets married.
Consult an experienced lawyer to know if creating trusts will suit your situation.
Learning and understanding probate laws is an integral part of estate planning, as these laws govern the management and distribution of your estate after you pass on.
Probate processes can be complex, but it is an essential step of estate planning; however, probate processes can be simplified if you have a smaller estate.
You can consult an experienced lawyer to understand the probate process and its laws.