Elder law is designed to help senior citizens handle personal and financial affairs to their satisfaction. At times, close friends or family members may have to assist their elderly loved ones in legally preparing for their golden years. At Penny, Botticello, & O'Brien, we can help you accomplish this important goal. Our attorneys offer the following related services:
•Formation of living wills and a durable power of attorney. A living will allows your loved one to make health care decisions, or assign a proxy to do so, in the event that he or she becomes incapacitated. A durable power of attorney, on the other hand, typically specifies someone to handle financial decisions for the elder. Both are important documents that elder law firms can draw up for you.
•Crafting of an estate plan. An estate plan can encompass making a legal will, forming living or irrevocable trusts and planning for the dispersal of assets after death. It is important to have a well-made plan in place in the event that your loved one passes in order to maximize asset retention, as well as minimize any taxes due.