When and why should you call a certified elder law attorney? Basically, when the need arises for end-of-life estate issues among others.
Long term care
What does it mean to be an elder law attorney? It does not necessarily mean representing an elderly person; what it does mean is representing elderly people in the process of aging.
For you to think that all you must do is just get a will and you’re fine is not appropriate, and it’s not estate planning.
There are many options in that scenario. There are in-home care options, there are facility options, and there are many various sources of potential funding to pay for those options.
What do you do if a spouse or parent goes into the nursing home out of the blue? No advance notice—you didn’t see it coming and all of a sudden you have a loved one in a skilled nursing home.
You want to leave your business on your terms and achieve the outcomes you desire, which is why succession planning shouldn’t be delayed. A formal exit strategy ensures your wishes are followed, whether that be family transfer, sale, employee buyout or another path.