ARTICLES

It can be emotionally and mentally challenging to consider financial matters and make long-term life decisions. However, it is crucial to wisely manage your assets while aging and provide for the family members who will survive you. Your elder law attorney knows how to create an estate plan strategy that addresses these concerns.

You may be wondering what estate planning and elder law entail and how they differ as you begin planning for your future, both financially and in terms of health care needs. Even though these two types of law are for different stages in life, they are often handled at the same time.

It is common for an aging parent to lose the ability to think clearly and make informed and meaningful decisions about their life as they age. This growing inability may occur due to Alzheimer’s disease, other forms of dementia, mental illness, stroke, brain injury, or other severe health or disability conditions.

Elder law and estate planning are often used interchangeably; however, there are significant differences between them. While some overlap exists between the two, learning and implementing strategies from both law practice types is crucial to prepare for successful aging and preserve a family legacy.

A comparison of estate planning and elder law shows some overlap while both provide important protection for you and your family. The two terms tend to go hand in hand, but there are some differences.