Elder Law is a term that has very broad connotations depending on the needs of the individual. Generally speaking, Elder Law encompasses estate planning, including wills, trusts, and their administration, Medicaid asset protection and planning to prevent your and your spouse’s impoverishment, preparing powers of attorney for financial and healthcare matters, Medicare review and claims, guardianship/conservatorship, and advanced health care directives.
The number one question most people have is, “Do I need to do some Elder Law / Estate Planning?” In short, the answer is probably yes. Without a plan in place you have no control over where your assets will go, and who will be in charge of handling your affairs if and when you are unable to do so for yourself. Moreover, if you do not have a plan in place and become incapacitated due to illness or injury, a probate guardianship may need to be initiated so the Court can appoint a guardian to handle your affairs. The process can be very intrusive, often embarrassing, costly, and requires multiple Court appearances. With the proper plan in place, this can all be avoided.
Additionally, the estate planning arena is changing. More lawsuits are being filed than ever before. Insurance helps, but it is often times cost prohibitive to obtain the large amount of coverage which may be needed. The cost of skilled nursing care has spiked in recent years, and the average cost in northeast Ohio for such care is almost $10,000 per person per month. With these growing threats to the assets which you have worked a lifetime to obtain, it is more important than ever to take steps to ensure your legacy is preserved for your children, grandchildren and future generations.
Our Elder Law Attorney is well versed in the various techniques which can be utilized to minimize your risks and protect your assets from those who would seek to take it away. Put our experience to work for you and take the first step in preserving your family’s legacy.
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The attorneys in our law firm primarily service Portage County courts (Ravenna and Kent), and Summit County courts (Akron, Stow, Barberton). Cases in all other courts in North East Ohio, such as Cuyahoga County courts, are handled under specific terms and conditions.