Not everyone is overly familiar with the term of elder law in Palm Bay FL. Elder law actually encompasses a very important part of the law and planning for what should happen to your possessions, debt, and so on should you pass away. The term elder law was actually put into place within the last ten or so years. What elder law actually deals with, however, might be something already somewhat familiar to some people. Younger people tend not to understand what elder law is just yet, and older people might seek out someone who understands elder law on a regular basis. Here are three things that elder law can help you with:
1. Probate. As far as elder law in Palm Bay FL is concerned, this term actually refers to what happens to your estate, possessions, and so forth after you pass away if you do not have the proper paperwork done or a living trust. Probate is how your possessions are handled and dispersed to your heirs and creditors after you pass away. This process can get rather convoluted in many people’s opinions, so seeking help with elder law often means finding a method to avoid facing probate.
2. Advance directives. Many advance directives actually deal with the power of attorney. By putting into place an advance directive, you are actually stating what you would like to happen in the event that you become unable to make any decisions. Other people might refer to this as a living will. Many advance directives may specify who you want to make your decisions on your behalf if you become unable to make your own decisions.
3. Estate planning. Basically put, this has to do with filling out all of the proper paperwork to make sure that your estate gets distributed among your heirs the way that you want it to be distributed. By planning for your estate, you can hopefully avoid probate and maybe even an estate tax. Doing this simply makes it easier to know what to do with whatever you leave behind.
Understanding what elder law in Palm Bay FL is can help you to find the attorneys that can do what you want done as far as elder law is concerned. Although elder law encompasses a lot of legal matters, three items that it can help you with include probate, advance directives, and estate planning. If you are looking for help in any of these areas, finding a lawyer who understands elder law could be beneficial to you.