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Horizon Elder Law & Estate Planning Blog

Sunday, August 29, 2021

Talking About Finances at the End of Life

California elder law lawyers are primarily concerned with protecting your best interests as you are aging, especially if you suffer from a terminal illness. Elder law planning is similar to estate planning. However, while estate planning mainly focuses on what happens with your finances once you are deceased, elder law planning is a way of dealing with important issues while you are still alive.

California elder law lawyer will provide solid legal advice for you and your family. An attorney will also discuss long-term care planning. Another important thing that an elder law attorney will do is discuss ways to protect your finances while you are still alive. So, what are some end-of-life financial matters that a California elder law lawyer will discuss with you during your consultation?

Getting Access to Medical Benefits

A California elder law attorney will discuss the importance of having medical coverage as you age. For example, if you are a veteran, you may qualify for veteran benefits. Also, if you are age 65, you are eligible for Medicare benefits. If you have recently applied for Medicare benefits and were denied, an elder law attorney will discuss how to help you appeal and improve your chances of approval.

Ensuring That You Appoint a Power of Attorney

Another important thing that a California elder law lawyer will discuss with you is appointing a power of attorney. This person that you choose should be trustworthy and willing to act in your best interest regarding your health, property, and financial decisions if you are mentally incapacitated. If you cannot appoint this person, the attorney will establish guardian proceedings to determine who can handle your personal affairs.

Encourage You to Draft a Living Will and Trust

If you already have a will, then you probably have already created a living will, also. A living will is a document that provides instructions for how to handle your life or finances if you are unable to communicate. If you don’t have a living will and can still make decisions for yourself, a California elder law lawyer will discuss the importance of drafting one immediately. Another document that will help protect your assets from a nursing home is establishing a Medi-Cal Trust. An attorney will also discuss the importance of establishing this trust to keep the state of California from taking your assets from your heirs.

Offer to Protect You From Scams

One of the most important things that a California elder law lawyer will discuss with you is how to protect you from scams. Whether it’s someone within your family, a local business, or a neighbor, an attorney will help protect you from unscrupulous behavior and theft from such predators.

Aging can be difficult, particularly if you suffer from a terminal illness. Not only should you be mindful of your health, but you must also ensure that you protect your assets. Do you need a California elder law lawyer to help you discuss end-of-life financial decisions? Contact one of our experienced professionals today to learn more about your options and discuss your potential case.


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