It's never easy to be the executor of an estate. Many important things rest on your shoulders. While you might be alright with being in charge of another person's financial matters, it's still a difficulty that you may not enjoy.
An elder law attorney may be familiar with many kinds of law, but he or she generally practices and is experienced in elder law. He or she handles legal matters involving estates, planning for guardianship, long-term health care planning, Medicare and Medicaid, wills, trusts and other important matters for aging individuals. Don't let the name of the practice area confuse you, though; elder law attorneys work with people of all ages.
If you have started planning your estate, then you may realize that you need someone to become an executor for your estate. An executor has an important job to do. He or she is in charge of making sure your last will and testament is carried out as you wished. The executor must make sure your property and assets are cared for and that debts are paid off. Any remaining property you have must be distributed to your beneficiaries, and that's something your executor makes happen.
As you age, you may realize that there are many legal documents you need to complete. You need to create a will, an estate plan and may want to design a trust. You want to protect your assets and avoid losing them because of needing nursing care. Yes, there are many things to think about, which is why you may want to work with an elder law attorney.
If you have an elderly, incapacitated parent who is unable to make independent decisions, or you have a parent who is at a high risk of becoming incapacitated, you are likely under a great deal of stress. There are many decisions that must take place as you face the inevitable end of your parent's life.
When you write a will or create a trust, you need to understand that people still have a right to contest your documents. Fortunately, only those who have legal standing may do so. That includes people such as disadvantaged or disinherited heirs or beneficiaries. Without standing, a person can't file a lawsuit, helping prevent frivolous and expensive court dates.