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Posts tagged "Elder Law"

Caregivers may benefit by having elder law planning in place

It is sometimes difficult to assess when the duties of a primary caregiver must give way to institutional or professional caregiving for a spouse, parent or other loved one. Nearly half of family caregivers nationwide and in Florida who are 75 and older are caring for a spouse or partner, according to a 2015 report. Caregiving by an elderly spouse may go on until the loved one is approaching full incapacity and cannot participate in assisting any longer or where terminal illness is diagnosed. Consultation with an elder law attorney is therefore desirable and may be more effective if it is arranged early enough in one's retirement years. 

Elder law planning sets one's preferences for long term care

It is highly recommended that the many retired persons residing in Florida engage in a process of elder law planning to protect the security of their remaining years. Engaging in elder law research to learn the ins and outs of long-term care planning could provide great benefits. Many people may assume that they will be maintained in their homes until death, but it does not always turn out that way.

Elder law planning is necessary for post-retirement years

Studies pertaining to Florida and nationwide indicate surprisingly that cognitive decline regarding sound financial decisions may begin to occur when one is in his or her 30s. It may not be noticeable, but the gradual toll may occur over the next several decades and may lead to a point where it is to some degree noticeable. Researchers have discovered that persons in their 70s, 80s and beyond can be capable of keeping up with the more basic tasks, such as paying bills, the mortgage and conducting most or all everyday living tasks. For these reasons, some preliminary elder law planning can help in meeting any future challenges.

Elder law planning allows for control over post-retirement years

Elder law planning in Florida is a vital concern to most persons approaching their retirement years. It is a subject that is best addressed as early as possible. Adequate advance planning can allow for maximum protection against a less-than-optimal experience in one's later years. To have the most control over one's life and to assure that the most trusted family members or friends are given authority in the event of incapacity, elder law planning is the best way to prepare.

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