Face it, we are an aging society. According to the U.S. Census Bureau, in 2050, the population aged 65 and over is projected to be 83.7 million, almost double its estimated current population of 43.1 million and the population age 85 and over is expected to grow from its current estimated figure of 5.5 million to 19 million by 2050. And we are also living a lot longer, though not necessarily healthier. Unlike other characteristics that separate us – like race, religion or nationality – “age” is common to us all – that’s right, we will all eventually become old (although interestingly no one sees themselves as old!). Seniors, of course, have issues that are unique to them including asset preservation in case they need long term care, Medicaid planning, assistance managing their affairs, and protecting them from the undue influence of others and self-neglect. And many of the laws relating to government benefits including Medicaid, for instance, have “look back” requirements extending as far back as five years so you really need to plan well in advance if your intent is to preserve these benefits. We have been handling elder law issues for over 25 years and have been involved in many of these types of cases. So if you are caring for an older adult or simply are concerned about their welfare – call us. . . we can help.
Note: If you are planning for someone with a disability and require a Special Needs Trust, you can have this done at your convenience and at a very reasonable fixed fee through our on-line legal service. We would encourage you to take a look. If, on the other hand, your estate plan is more complex and involves more than just setting up a Special Needs Trust, we can certainly help and in most cases quote you a fixed fee as well. Just call our office. Please keep in mind that if you try our on-line legal service and you find that will not work for you, don’t worry, any money you paid will be credited to you if you elect to retain us in the “traditional” manner. So don’t put off planning for someone with special needs – we make it pretty painless!