Even though there are often situations where these two practices blend into one another, talking about estate planning and elder law does not always mean exactly the same thing. One key way to look at what makes these two kinds of practice unique is to consider the critical questions that each aims to answer:
- What happens if I die?
- What happens if I live?
Invariably, both elder law and estate planning in some ways address both life and death. Increasingly, estate planning tools help individuals capitalize on plans while they are still alive. Estate planning, however, has a much sharper focus on what happens when you die, especially when it comes to the transfer of your assets. A lot of the questions addressed in elder law, however, have to do with helping people plan for the future within their own life. As longevity is a major concern for today’s elderly, planning in advance for aging and long-term care are just as important as factoring in estate planning.
Estate planning and elder law work together. Imagine it this way: what benefit is putting so much effort into planning for the transfer of your assets on death when you pass away if all of those assets are put in jeopardy by one major health event? Elder law works to protect those assets and get you thinking about these concerns early on so that you can meet your estate planning goals. Contact us today to get help: (601) 925-9797.
One Person has left comments on this post
My mother Pinkie L. Field was told bye a judge,that she needs an attorney.the reason is to see is they paying her right for her minerals they pull from her land she doesn’t,t have enymoney to pay a lawyer up front.her address 201 McDougal Red. Canton ms 39046 her phone number is 6014071605 she only get a social security check from her husband and that,s 400 hundreds and some,get a small retirement .and she holly get a mineral right check help her.