Currently the fastest growing population in the United States is the elderly group. This has given rise to a relatively new field in law named as elder law. Senior citizens of a country require certain additional benefits and care because they are unable to take care of themselves and their things on their own. Elder law comprises of things like estate planning, wills and trusts, guardianship, healthcare planning, Medicare/Medicaid planning and the elderly rights.
The latest study on the elderly population has showed some interesting facts. Today’s elders are more active and have longer life expectancy. This has resulted because of advancement in medical science and awareness among people.
One of the most problematic situations that the elderly face these days is the proper planning of wills, trusts and their estate. These things need proper planning so that the assets are handed over to the required beneficiaries. Since seniors are living longer, a question arise as to who will take care of them in the future which eventually means that what are the possibilities of estate planning. This includes their housing, and future medical assistance and care. Once they become completely incapacitated, who will take their responsibility? Such questions and issues have given rise to almost an industry in itself that provides long term housing facility for senior citizens. Along with this come many legal issues like contract rights and the power of facility to discharge residents. It is quite evident in the absence of a caretaker a long term care giving entails expenses. Therefore, senior citizens must have information on long term care insurance and various government benefits and perks.
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