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Books > Law > Jurisprudence & general issues > Foundations of law
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Ettinger on Elder Law Estate Planning (Paperback)
Loot Price: R592
Discovery Miles 5 920
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Ettinger on Elder Law Estate Planning (Paperback)
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Loot Price R592
Discovery Miles 5 920
Expected to ship within 18 - 22 working days
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"Elder Law Estate Planning" is a niche area of law which combines
the features of elder law and estate planning that pertain most to
the needs of the middle class. In 1991, AARP published a "Consumer
Report on Probate" concluding that probate was a process to be
avoided. That marked the end of traditional will planning and
started the "living trust revolution." Since then, millions of
people have set up trusts to: * Save time and money in settling the
estate * Avoid legal guardianship if they become disabled * Avoid
having their personal and financial matters made public * Reduce
the chance of a "will contest" * Keep control in the family and out
of the court system By 1990, the field of elder law also emerged to
help people navigate the increased complexity of state Medicaid
rules and regulations, the soaring costs of nursing home stays, and
the fact that people were living considerably longer. Elder law and
estate planning continue to grow independently of each other,
sometimes to the detriment of clients. Estate planning lawyers are
of little value when the estate plan to avoid probate fails to
prevent a nursing home stay consuming all of the assets, because
the lawyer is unfamiliar with elder law. On the other hand, elder
law attorneys often protect assets but overlook basic estate
planning issues such as saving taxes and keeping assets in the
blood. The practice of Elder Law Estate Planning means: * Getting
your assets to your heirs, in the best possible way, with least
amount of taxes and legal fees * Keeping those assets in the blood
for your grandchildren, and * Protecting your assets from the costs
of long-term care and qualifying for government benefits available
to pay for care. Middle class clients today need an "elder law
estate planning attorney" to address their estate planning needs as
well as to help with long-term care, disability and Medicaid issues
as they arise.
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