Elder Law Legal Meaning and Definition
Here is a simplified definition of the legal term Elder Law.
Elder Law (noun)
Elder law is a specific area of legal practice that focuses on issues that impact the elderly population. This includes, but is not limited to:
- Estate Planning: The process of arranging the disposal of an individual's estate to minimize taxes and distribute assets.
- Wills and Trusts: Legal documents that dictate how an individual's assets and estate will be distributed after death.
- Healthcare and Care Arrangements: Legal plans and actions for an individual's medical care, including long-term care planning.
- Social Security and Retirement Benefits: Assisting with social security benefits, pension plans, and other retirement income.
- Protection Against Elder Abuse: Safeguarding older individuals from physical harm, emotional abuse, and financial exploitation.
This field has grown in importance due to the increasing longevity of today's population.