While estate planning and estate law sometimes fall under the same umbrella, there are differences between the two. By learning about both, you can protect yourself now and as you grow older and need more help.
What Is Estate Planning?
Estate planning involves planning for what’s going to happen to your assets and property when you pass away, as well as how you want to be treated should you have any medical issues. For instance, you can create a trust to avoid probate and ensure that your loved ones receive your assets, along with an advance directive that says if you want to be kept on life support should you become incapacitated.
What Is Elder Law?
Elder law is a branch of the law that deals with things like finding medical care for seniors, protecting against elder abuse, and ensuring that seniors’ rights are upheld. It can also involve estate planning for the elderly population.
What’s the Difference?
The difference between estate planning and elder law is that estate planning does not only apply to seniors. While many people wait to begin the estate planning process until they are a senior, it is not a requirement. In fact, if you have young children, it’s critical that you create a will at the very least that describes who you want to care for your children should you pass away.
Contact Legacy Law Group
If you need assistance with estate planning or elder law issues, you can contact the estate planning attorneys at Legacy Law Group in Eastern Washington, Spokane Valley, and Spokane itself. Get in touch with us at (509) 315-8087.