What is the difference between elder law and estate planning? The skilled attorneys at Tully Law Group, PC hear this question often, and the answer may surprise you. Although both types of law involve long-term planning, attorneys who practice elder law focus on a senior’s needs when they are alive, while estate planning lawyers develop strategies to manage a person’s assets after death.

What Does Elder Law Encompass?

A variety of legal services fall under the term “elder law.” At Tully Law Group, PC, we focus on asset protection and Medicaid eligibility, helping clients preserve their resources while planning for long-term care needs. Our goal under elder law is to help people age with dignity, safety, and peace of mind. That is why we suggest reviewing your plan annually and consulting with a seasoned elder law attorney before an age-related crisis arises.

What Legal Services Fall Under Estate Planning?

Numerous services fall under estate planning, as well. Within this legal field, a lawyer could ensure that your assets are allocated to your heirs according to your wishes after your death. Without a thorough estate plan, the state may make determinations regarding your assets that you may disagree with. We could also help you name your beneficiaries, set up trusts on your behalf, help your family avoid probate court, and help name guardians for minors in the event of something unexpected.

An estate planning attorney could also help you reduce your tax burdens, manage your financial affairs if you become incapacitated, and designate a healthcare proxy to make medical decisions when you are not able to. We recommend sitting down with your lawyer and reviewing your estate plan every three to five years, or if your circumstances change.

Understand the Differences Between Elder Law and Estate Planning – Speak With Us Today

If you are still wondering, “What is the difference between elder law and estate planning?”, we are here to help. Get in touch with the skilled legal team at Tully Law Group, PC today. During a free consultation, one of our attorneys could explain our elder law and estate planning services and how we could help you and your family navigate legal matters in every stage of life.