Elder Law vs Estate Planning

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Addressing Elder Law and Estate Planning in Long Island

Both elder law and estate planning are intertwined legal areas. Planning in advance for your end-of-life needs and your family’s future is important. It helps to work with an experienced law firm.

That is where we come in at Futterman Lanza, LLP. Our attorneys have more than two decades of experience with Long Island, New York, estate planning and elder law issues. We can help you develop your goals and anticipate your future needs, as well as protect your family.

How Do Elder Law and Estate Planning Differ?

Elder law focuses on long-term care planning, Medicaid planning and other crucial steps to address a person’s health and legal needs. Estate planning, on the other hand, is more focused on the distribution of that person’s estate to the next generation, addressing wills, trusts, powers of attorney and more.

Elder law is very important because of the potential role of incapacitation – meaning that someone else needs to make a person’s medical and financial decisions on their behalf – and because of the expense of long-term care. Estate planning is important because it reduces the odds of disputes and ensures that someone’s wishes are followed when distributing assets.

When Should You Consider Each Area?

Advance planning is very helpful in both of these areas. You are never too young to make an estate plan or take steps to address your potential medical needs. It’s important to consider these areas when you have a child, if you receive a serious medical diagnosis, when you have significant assets and in other such situations.

One of the main misconceptions about both elder law and estate planning is that you can put it off until you’re older – but doing so is actually a significant risk to both you and your family. Another misconception is that this area of the law is only for the wealthy, when the reality is that almost anyone can benefit from advance planning.

You may benefit from the creation of a will or trust (or both), powers of attorney, Medicaid planning and more.

Free Consultations

We offer Flat-Fee billing for most of our client’s cases. We believe you should be focusing on your family’s future, not the clock. That’s why we operate on a transparent flat fee basis. Find out more about our flat fee billing during your free first time consultation.

Our law firm primarily represents clients throughout Long Island (Nassau County and Suffolk County) and the Metro New York area. To set up a free consultation, just dial 631-979-4300 or use the online contact form.

Frequently Asked Questions for Elder Law vs Estate Planning

Elder law focuses on long-term care planning, Medicaid planning, and other crucial steps to address a person’s health and legal needs. Estate planning is focused on the distribution of a person’s estate to the next generation, addressing wills, trusts, and powers of attorney. Elder law is important because it addresses potential incapacitation and the high expense of long-term care, while estate planning ensures that your wishes are followed when distributing assets and helps reduce the odds of disputes.

Advance planning is helpful in both areas, and you are never too young to make an estate plan or address potential medical needs. It’s important to consider these areas when you have a child, receive a serious medical diagnosis, or have significant assets.

One main misconception is that you can put off this planning until you’re older, which is actually a significant risk to both you and your family. Another is that it is only for the wealthy, when in reality, almost anyone can benefit from advance planning.

Your initial consultation is free. Futterman Lanza, LLP, offers Flat-Fee billing for most of their clients’ cases to ensure a transparent process.

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