Hiring Elder Law Lawyers In Bucks County For Asset Protection

Elder Law Lawyers Lower Bucks County protect the interests of seniors through legal proceedings. These laws apply to a wide range of legal services to include estate planning, long-term care options, and assigning power of attorney. They additionally protect the elderly from nursing-home abuse and other criminal acts related to seniors. If you or someone you love requires these services, it is advisable for you to contact your preferred elder law attorney.

Asset Protection

An attorney in the elder law field can assist you in protecting your assets. Through estate and Long-term care planning, seniors may transfer ownership of key properties to another relative at the time in which they enter a retirement or nursing home-based facility. This transfer of ownership prevents a nursing home from filing a claim to seize property for current or future care costs. This form of asset protection is beneficial to any senior who is diagnosed with Alzheimer’s disease or other debilitating illnesses that advance quickly and may present the argument of diminished capacity.

A senior who utilizes the skills of an elder law attorney may assign a power of attorney to the family member of their choice to handle their financial affairs. This assignment allows the family member to act on the senior’s behalf to prevent seizure of monetary assets such as savings or checking account balances. This additionally applies to IRAs and other retirement funds.

Through legal measures to protect assets, seniors can rest assured that their assets are safe from potential seizure. For instance, the senior may choose to set up trust funds for his or her children or other family members. Once these assets appear within legal documentation such as a will which designates a rightful owner, the state or government cannot seize the property after the senior dies.

Summary

Elder Law Lawyers Lower Bucks County represent seniors in legal matters related to protecting assets, planning for the future, and to prevent abuse. An attorney that practices in this law field comprehends the needs of seniors and presents opportunities for these individuals to protect their interests. These attorneys additionally fight insurance and other business entities that attempt to take advantage of seniors.

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