(856) 439-6223The legal issues you or an aging family member may face often extend beyond financial matters. As you age, you may need help planning for medical, lifestyle, and long-term care decisions. Older adults are also frequent targets of fraudulent schemes that could leave them financially vulnerable without adequate protection.
A Bucks County elder law attorney could provide comprehensive legal guidance to help you address these concerns before they become emergencies. Early planning with our estate planning attorneys could help you save time and money, reduce family disputes, and clarify an older adult’s wishes and intentions.
Why Should You Consult With an Elder Law Attorney?
Your circumstances may change over time, but by age 55, you may be approaching retirement and planning for a transition out of your career. Our elder law legal team in Bucks County could help you and your partner understand the financial aspects of that transition and prepare an estate plan that serves your family’s long-term interests.
At this stage, legal guidance could help with:
- Managing health and life care for disabled or incapacitated loved ones, including coordinating your financial situation with Medicare and Medicaid, if needed
- Establishing trusts to finance long-term care
- Preparing structures to transfer assets to heirs through tax-preferred mechanisms
- Planning for the succession and transition of family businesses to new generations of management
Older adults may also face unique situations and circumstances that require special attention. At Nesevich Law, we could help you identify and consider solutions for these situations while you still have time to address them objectively and without stress.
What Legal Issues May Older Adults Need To Address?
A lawyer could help you prepare and execute critical legal documents. For example, a durable power of attorney document authorizes a designated agent to make financial and other decisions on your behalf if you become disabled or incapacitated. A health care power of attorney names one or more designated representatives who may approve or withhold medical treatment if you cannot make those decisions yourself, while an advance care directive specifies the type of end-of-life care you would prefer, including how aggressive medical intervention should be during a health emergency.
At Nesevich Law, our elder law attorneys are experienced in addressing these and other issues that older Bucks County residents may be reluctant to consider. We understand the sensitivity of these matters and could help you approach them with greater clarity and confidence.
Why Is Medicaid Planning Important?
Medicaid may help pay for long-term care in an assisted living facility, but you may need to use certain assets to pay for that care before assistance becomes available. An attorney who handles elder law matters in Bucks County could help you preserve assets in ways that comply with Medicaid’s rules. Generally, you must establish these protections at least five years before you need long-term care. Contacting an elder care attorney well before that time may give you a stronger opportunity to optimize your protections.
Call an Elder Law Attorney in Bucks County Today
As you approach retirement age, a Bucks County elder law attorney could help you make informed legal decisions about your health, finances, and family well-being. Call us at Nesevich Law today for a private and confidential consultation.