Top Estate Planning Attorney Sam Price Reveals Key Elder Law Issues Affecting Seniors – Redlands, CA
Redlands, California, United States – August 29, 2022 —
Growing older should mean life becomes more straightforward, but as Estate Planning Attorney Sam Price points out, it can contribute to a new web of complexities unless they are dealt with early.
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The Founder of Price Law Firm, APC, of Redlands, CA, highlighted several areas where a person could require the professional help of an Elder Law attorney and ensure all their financial and health concerns are managed.
One critical area is health care. Growing older means declining physical and mental health, while costs of assisted living or nursing home support continue rising.
“Without proper planning, you could find the financial nest egg you built up being spent on assisted living, rather than being used for more enjoyable things or being left to loved ones,” Mr Price said.
He advised numerous ways to protect your assets and working options to pay for long-term care. “An Elder Law attorney can show you the alternatives in which government programs such as Medicare and Medicaid can be utilized while limiting the impact and costs on your assets.”
They can advise how you may benefit from the Older Americans Act, which created the Administration on Aging, the agency advocating for the elderly. The Act provides funds for services and programs to benefit senior citizens and their families and how they can be assisted by a wealth of government programs, from nutrition services to adult daycare and nursing home supervision.
‘’An attorney can also offer essential advice on estate planning measures that will reflect your wishes when you die. They can advise on different approaches to fulfilling your objectives, whether it be a will, a trust, financial or healthcare matters.’’
“By planning your estate before you need it, you will have peace of mind going into later life and the ability to review and modify them as circumstances change,” Mr Price said.
He said an Elder Law attorney could also put a structure in place if your health deteriorates to the point where you are deemed incapacitated. “They can advise on options that will kick in to reflect your wishes if there comes a time you can no longer manage your estate and financial affairs independently.’’
“These include putting documents in place that appoint executors and decision-makers or even help your loved ones seek legal guardianship if necessary,” Mr Price concluded.
Name: Sam Price
Email: Send Email
Organization: Price Law Firm, APC
Address: 300 E State Street, #620 Redlands, CA 92373
Release ID: 89080290
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