Elder law is an area of legal practice focused on assisting and protecting seniors. The services include traditional estate planning, like will creation, as well as issues that directly relate to individuals around retirement age, such as dictating end of life care and burial arrangements. With such a vast legal area involved, it's natural to have questions. Here are some answers to the most common ones.

4 FAQ About Elder Law

What's the best age to begin estate planning?

The primary goal of estate planning is identifying how your assets should be distributed upon your passing. Considering it helps protect the financial future of your loved ones, it's never too early to start the process. If you haven't drafted at least a will by the age of 60, you need to make it a top priority on your to-do list. 

How do I protect a dependent during the planning process? 

Planning for a spouse is fairly straightforward. Besides making them your primary beneficiary in your will, adding them to the accounts ensures access even after your death.

However, if the dependent is a disabled child, it becomes more challenging as an inheritance can disqualify them for government benefits. In such situations, setting up a trust with a dependable trustee is an effective option. 

What's elder financial abuse?

When a senior becomes ill or suffers from a debilitating disease, like Alzheimer's, they can become targets for thieves. Known as financial abuse, these criminals often befriend the person to gain access to their assets.

They may even coerce you into transferring accounts and property into their name. Outlining your wishes in a will makes gaining control more challenging for them, especially if you've shared the document with family and friends.

How do I protect my beneficiaries from probate?

After you pass, the law requires that your estate enters probate. This process puts a hold on your property and capital until the court determines that the will is valid. Luckily, creating a trust can allow your heirs to bypass the time-consuming and potentially costly legal affair. 

If you have additional questions regarding elder law, seek answers by contacting Stuart R. Norman Jr. in Griswold, CT.  Residents and families across New London County have relied on the local attorney for dependable legal services since 1974. This includes the various aspects of elder law, such as drafting a will and protecting your assets. Learn more about the firm's estate planning services online, and request your consultation today at (860) 376-0069.