Elder law is defined as any legal issue involving health and personal care planning for the senior population and their caregivers. This includes things like Medicaid planning and durable power of attorney for health care in St Petersburg, FL.

Most elder law attorneys handle a wide range of legal matters affecting an older or disabled person, including issues related to health care, long-term care planning, guardianship, retirement, Social Security, Medicare/Medicaid, and other important matters. If you need help with Medicaid planning in St Petersburg, FL, or any other elder law-related matter, contact us today. 

The basic difference is that elder law planning seeks to preserve your income and assets for use while you are alive. Estate planning is primarily concerned with distributing your assets after you pass on, in the most efficient and tax advantaged way. For help with estate planning, contact Terrana Elder Law and speak with an estate planning and will and testament attorney in St Petersburg, FL.

Medicaid planning in St Petersburg, FL allows long-term care Medicaid applicants to meet Medicaid asset and income limits for eligibility purposes while legally protecting assets (also know as resources) for family and loved ones for future inheritance. Everyone has an estate, even Medicaid beneficiaries.

A living trust (a/k/a revocable trust) is a legal document that allows for your assets to be managed by you while you are able and then appoints another person to manage them if you are no longer able to do so yourself. The living revocable trust is a good way to distribute assets to your love ones upon your death without need for the court probate process. Many people rely on a revocable or "living" trust to help elders manage their money as they become older or as a part of their health directives, turn deteriorating. For help with revocable living trusts and advanced health directives, turn to the elder law and health care surrogate attorney St Petersburg relies on.