As you might have guessed, elder law is a specialty area of the law focusing on the various needs of the elderly.
The issues an elderly person might need assistance with include the following: Medicaid and asset protection planning, Medicare, TennCare, Veterans Benefits, long-term and nursing home care, payment for health care, disability planning, Social Security and retirement planning, durable power of attorneys for health care and for personal affairs, use of living wills to facilitate end of life decisions, and general estate planning through wills and trusts.
Elder law is becoming increasingly more important as health care law changes and the fact that the Baby Boomers are fast approaching the age of retirement. Statistics say roughly one person turns 50 every seven seconds! Add to that the advances in medical technology and the longer life expectancy of Americans, and one can see the importance of elder law.
Elder law is also not just something the elderly should be concerned about. The effects of caring for seniors can impact subsequent generations. For example, family legacies can be swallowed up to pay for grandmother’s nursing home bills and the inheritance that was once expected, could be gone.