People in Texas often want to plan for the future, including through estate planning. While in the past, this often primarily included the creation of wills and trusts to determine the distribution of assets upon their death, that goal has shifted so that it now also encompasses matters of planning for long-term care. This includes issues related to elder law.
What is elder law?
Elder law: Protecting an unmarried partner
Over the last several decades, the composition of families in Texas and across the country has shifted somewhat. For instance, it is not unusual to find a couple that is not married. While estate planning is important for everyone, additional elder law consideration may be appropriate when a couple over the age of 50 are co-habitating but unmarried.
Estate planning is about more than asset distribution
Most people in Texas are aware of the importance of creating a plan for the future. Many people have the misconception that estate planning is only for the time following their death and will determine how their assets will be distributed. However, a comprehensive estate plan also focuses on a time when someone is unable to make financial and medical decisions on their own due to an illness or injury.
