The legal issues you’ll deal with as you age are complex. There are many regulations and laws that will vary by state, so in the case that you move from another state to California, it will be important for you to take a second look at your estate plans.
Elder law is about more than just your estate plan, though. It also refers to the decisions you’ll need to make about your own care and issues that may arise during your life. For example, you may need to set up trusts to protect your assets from creditors, to create a health care power of attorney to assist you if you’re injured or to set up documents detailing how you want your assets to be distributed upon death.
Does elder law planning only apply to those with significant assets?
No. Elder law planning also applies to people with minimal assets and those anywhere in between. The reality is that everyone needs to put a will into place and to have a power of attorney set up. You should take the time to have a health care power of attorney designated and discuss how you want to handle guardianship of children who may not yet be adults.
Even if you’re unsure if this kind of planning is right for you, it’s a good idea to get in touch with an attorney to go over how estate planning and other elder law services could offer protection to you and your family. Our website has more information on what to expect as you start to plan for your future.