Why Elder Law is Growing
The baby boomer population is massive, with approximately 73 million boomers currently navigating the complexities of aging. By 2030, all boomers will be at least 65 years old, creating a high demand for legal services tailored to their specific needs.
Key Services Provided by Elder Law Attorneys
Elder law attorneys play a crucial role in helping boomers manage their finances, protect their assets, and plan for long-term care. Here are some of the ways they assist:
Financial Security: Unlike previous generations with pensions and robust Social Security benefits, many boomers must rely more heavily on personal savings and Medicaid for long-term care
expenses.
Medicaid Planning: With nursing home care costs averaging $9,000 per month in places like Florida, navigating Medicaid eligibility rules is essential to avoid exhausting life savings.
Comprehensive Legal Planning: Elder law also covers medical directives,
guardianship, and protection against elder abuse and exploitation. It addresses a wide range of issues, from housing and healthcare to discrimination and family law matters.
