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ELDER LAW BASICS What Is Elder Law and Why Does It Matter?

Elder Law Basics

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This presentation talks about the basics of elder law and why does it matter to every responsible adult, not just the elderly.

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Page 1: Elder Law Basics

ELDER LAW BASICSWhat Is Elder Law and Why Does It

Matter?

Page 2: Elder Law Basics

A BROAD COLLECTION

OF ISSUES

Page 3: Elder Law Basics

What Is Elder Law?

Page 4: Elder Law Basics

The term “ELDER LAW” doesn’t refer to a single legal topic, but

instead is a categorical term that includes many topics related to

one another

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These topics are those that elderly people most commonly encounter as they get older, though some of them also apply to younger people

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ELDER LAW SPECIALISTS

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What Is an Elder Law Attorney?

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AN ELDER LAW ATTORNEY is someone who specializes in

dealing with the problems elderly people most commonly confront

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Because elder law is such a broad topic, some attorneys are experts in certain areas of elder law, while

others specialize in completely different topics

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NOT-SUITABLE FOR EVERY SITUATION

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Discussing Your Needs

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It’s important to realize that you don’t need an elder law lawyer if you are simply an elderly person

who has a legal issue

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For example, if you are charged with a traffic offense, you need to

speak to a criminal defense attorney, not an elder law attorney

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ELDER LAW TOPICS

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Estate Planning

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Preparing Your Estate

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After you die you will leave behind property and other interests

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THE ESTATE PLANNING PROCESS

is dedicated to determining what will happen to that property after

you die

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Choosing inheritances, avoiding estate taxes, and other similar

issues are all included under the broad category of estate planning

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Probate

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Legal Procedures

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Closely related to estate planning

is the PROBATE PROCESS

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Colorado, as well as every other state, has a specific set of rules that apply when someone dies

leaving behind property

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Understanding probate and taking steps to avoid it whenever

possible is a common goal for many elderly people

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Advance Planning

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Nursing Homes and Incapacity

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We lose many of our abilities as we age, and planning for the time when you might need to transition

into her nursing home or need someone else to make medical

decisions for you is a key part of elder law

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CHOICES AND PLANS

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Individually Tailored Advice

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Though elderly people face many of the same issues, NO TWO

SITUATIONS ARE IDENTICAL

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Being prepared to confront the potential problems that could face you as you age is what elder law

attorneys help you do

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LEARN MORE ABOUT ELDER LAW IN

COLORADO