Smart, Strategic Elder Law Planning
Life expectancy has increased for many reasons. People are taking better care of themselves, there have been major advancements in medical care and there have been many changes in the way we live. Certainly, living longer than previous generations is good. However, many people are financially and logistically unprepared for the challenges they will likely face later in life.
Unlike estate planning, which focuses largely on asset distribution after death, elder law is concerned with planning for the contingencies of advanced age. The Law Offices of Terrence M. McGrath, LLC, provides elder law services that focus on protecting your assets, planning for medical care and paying for long-term residential or in-home care.
Elder Law Services
I can guide you through the entire process of elder law planning, including:
- Comprehensive estate planning
- Medicare and Medicaid planning
- Important health care documents (see more about this on my healthcare planning for later in life page)
- Choosing a nursing home
I am seeing an increasing number of people who have outlived their retirement savings and are facing the possibility of requiring nursing home care. Many of these people have too many assets to qualify for Medicare or Medicaid. As your attorney, I can inform you of all your options. I anticipate your needs and act rather than react to a problem that already exists. It is wise to set up your long-term strategy now, while you still have the most time and resources to plan.
A Note About Guardianships
Guardianships can be established for incapacitated adults. The person who is appointed as guardian manages the incapacitated individual’s financial affairs, personal affairs and health care. While it is wise to establish a guardian well before the need for one arises, I can also assist with guardianships in emergency situations.
Contact Me Today To Discuss Your Legal Needs
Located in Greenbelt, The Law Offices of Terrence M. McGrath, LLC, serves clients in Prince George’s County and surrounding areas. To schedule a consultation with a highly experienced elder law attorney, call me at 888-505-0304 , or send me an email.