Elder law speech

The Summary of the Elder Law to a Group of Elderly People
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The Summary of the Elder Law to a Group of Elderly People
I stand before as an attorney, friend, and an ally of the elderly. My name is John F. Murray from the HG. Org. Today I’m here to enlighten you on the Elderly Law which is a legal specialty on the myriad of issues that affect the senior citizens. The law is meant to prepare the aging (above 60 years) in gaining autonomy and financial freedom by providing long-term options of care received and the correct means of financial planning (Frolik & Kaplan, 2014). The development of the law was resulted into by the increased lifespan due to improved lifestyles by President Lyndon B. Johnson on the 14th of July 1965. Since then, the law has been severally amended to improve the living standards of the elderly. This presentation is meant to summarize the Elderly Law which has three main categories: estate planning, Guardianship, and Medicaid, disability and long-term care.
The primary focus of a senior with regard succession and preservation of legacy is in how their estate will be managed once they depart. The elderly are concerned with what their successors will do to their properties in their absence. The elderly law exhaustively outlined the methodology to be followed in not only the administration and preparation of a will but also to enlighten them on the tax burden in selecting different strategies of inheritance (Frolik & Kaplan, 2014).

These policies include the establishment of trusts, the purpose and the use of a living will, and all other issues about the elders’ estates and their interests. All the tax issues that may arise should be disclosed at this juncture for the senior person to arrive at his or her decision. The planning of his or her estate and its administration is also discussed and the interest of the senior taken into consideration. The interests and any directions from the person are followed to the latter. In short, the first major category of the elderly law deals with administration and planning of an estate regarding succession and the interests of the elderly.
Secondly, the elderly law focuses on the guardianship of the elderly people on who can care for them. Guardianship is usually assumed by the close family members if the senior develop some complications due to old age. These complications include but are not limited to mental issues, loss of eyesight, and lack of physical mobility, Alzheimer’s, dementia or other old age diseases. It is also essential to establish a power of attorney before complete incapacitation so that the guardian continues taking care of the affairs of the elder. However, this law has also provided a means for the appointment of a guardian in case one has no family members (Frolik & Kaplan, 2014). Provisions have also been laid down on how such guardian should conduct the affairs, the consideration payable to such a person, any legal obligations that they may have to the elder and so on. Summarily, the guardianship provision outlines the duties of a guardian who is supposed to care for the elder, preserve and run the estate as per the wishes of the elder.
Lastly, the elder law encompasses Medicaid, disability, and other long-term issues. Most of the problems highlighted in this clause are the medical needs of an elder at the end of their lives. This is resulted to by the fact that most of the expenses regarding medication are incurred at the sunset days of a patient. It is therefore essential to ensure that there are enough funds to cater for the medical bills. Be it as it may, the insurance providers need to be monitored carefully so that they provide the necessary coverage as agreed on any contract (Frolik & Kaplan, 2014). It is paramount to have such a departure plan as doing so reduces any family disputes and unnecessary suffering to the young ones. The uncertainty of how one wished to cover for their medical bills is also removed. In case of disability in old age, the law has also provided similar steps on the medical coverage of the bills. Usually, the insurance cover of the elder takes its course and pays for the medical expenses. It thus suffices it to say that under the clause, all the medical costs are outlined matched with the bearers of the costs.
In conclusion, the presentation covered the Elder law which has three categories: the guardianship, Medicaid, disability and other long-term issues, and estate management and administration. The law usually and categorically deals with the older people who are considered above 60 years of age. It should assist the elders to plan how they wish their estates were designed after their demise. It is in the estate planning where the elder prepares and administers a will after receiving the tax consequences of selecting the different strategies of inheritance. The Medicaid clause, which also includes disability and long-term care, involves the bearer of the burden in case of medical bills. Guardianship, on the other hand, is mainly concerned with the person to care for the elder and maintain his or her estate. The law gives much reprieve to the elderly as they cannot be swindled and they can rest adequately fully aware that their interests are followed.
Reference
Frolik L. and Kaplan R. (2014). Elder Law in a Nutshell, 6th. Retrieved on January 22, 2018 from https://books.google.co.ke/books?id=gkDaCgAAQBAJ&printsec=frontcover&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false