Last week, we talked about the importance of choosing the right power of attorney to assist you with legal, financial and health care choices should you deal with incapacity or lower capacity as you age. Choosing a power of attorney is not the only thing you should do in preparation for enjoyment of your later years.
Our firm works with you so you understand the many important aspects of elder law and estate planning. In addition to tasks you might traditionally associate with estate planning, we also help you understand how to cover your own expenses later in life so you don't have to worry so much about emergencies or how you'll pay for living if you are lucky enough to experience longevity.
One of the things that we can work with you on is understanding your benefits options. Medicare and Medicaid offer a lot of benefits that many people are unaware of, and you might also have access to benefits through old employers or other plans. You might also be unaware that these options don't cover everything. We'll help you understand exactly what is and isn't covered by the plans you do have so you can make further arrangements, which might include purchasing long-term care coverage.
As an older adult, you might also be dealing with other questions regarding your personal finances. For example, if someone in your life believes you are not capable of handling your own decisions, he or she might be seeking a court-ordered power of attorney. We can help you fight such an action and put your own power of attorney in place if needed.