ELDER-LAW ATTORNEY: WHAT ONE CAN DO FOR YOU
What you need to consider when determining who will help with wills, trusts, health insurance and more
BY:DANIEL G. FISH, ESQ., WITH DIANNE ZIMMERMAN
The Basics: Elder-law attorneys are a unique and specialized group of attorneys who focus on the legal needs of the elderly. The specialty of elder law evolved in the mid-1980’s as the number of older people in our population increased and their legal and financial needs became more complex.
An elder-law attorney is able to advise on the entire range of legal issues confronting the elderly, their families and their caregivers. Ever-changing local, state and federal laws are myriad as are Medicare and Medicaid regulations, Social Security and Supplemental Security Income guidelines which an elder-law attorney takes into consideration when working with older people and their families.
One objective measure when considering an elder-law attorney is certification. Certified Elder-law attorneys (CELA) must meet certain experience eligibility requirements, pass a daylong exam and provide references from their peers. Recertification is required every five years and to date there are only 300 certified elder-law attorneys nationwide.
An elder-law attorney might work with you to:
Structure assets to minimize taxes and avoid the inconvenience of probate.
Develop a plan to efficiently utilize available health insurance options, including Medicare and Medicaid
Establish trusts to protect assets and reduce inheritance taxes
Organize a house transfer to secure family property
Assist in developing a plan to manage finances, including development of joint accounts and trusts and completion of a power of attorney
Complete advance directives as applicable to relevant state laws
Collaborate with their elderly client and family members to consider available and appropriate living arrangements
Advise government programs for which a client may be eligible
The Larger Picture: Elder-law attorneys, familiar with the medical and psychological issues associated with aging, typically work with other eldercare professionals in the community and can help to determine if additional services are needed and then link clients to the proper agencies. The elder-law attorney can, and often will, bring together a team of individuals with highly specialized capabilities to work on the person’s overall needs. This group might include the person’s doctor, a social worker, a geriatric case manager, an accountant, a financial planner and an insurance agent. An elder-law attorney can serve as the coordinator of these other professionals and provide a personalized legal plan that is tailored to the unique demands of the situation.