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What is the Difference Between Estate Planning and Elder Law in North Carolina?

Posted on February 28th, 2022

At Daly Mills Estate Planning, our Mooresville attorneys are dedicated to helping our fellow North Carolina residents understand how important it is to protect their futures.

Those futures include a lifetime of plans and ensuring their wishes are respected after they are gone.

That is the simple difference between the equally vital elder law and estate planning functions.

In short, elder law focuses on preserving your assets during your lifetime. Estate planning concentrates on what happens to your assets after you pass away.

Our Iredell County attorneys can walk you through both critical issues, so you can plan for now, later, and the unexpected.

Understanding Elder Law in Charlotte, NC

Elder law planning gives our North Carolina seniors the opportunity to live long, healthy, and financially secure lives by anticipating future medical needs, including long-term care, while simultaneously preserving their income and assets.

The goal of elder law planning is to continue to maintain your lifestyle now, broaden your options to receive home care later, or have the funds available to be as comfortable as possible to enter a nursing facility, if necessary.

Elder law planning can also protect our clients from potential elder abuse should they become injured, ill, or incapacitated by outlining a general, estate, or personal guardianship.

If you need help determining how you can protect your health and finances well into the future, contact our skilled Mooresville elder law attorneys today to schedule a free consultation.

Understanding Estate Planning in North Carolina

Estate planning goes hand in hand with elder law planning, as it allows our clients to determine what will happen to their assets once they are gone.

That can be accomplished by outlining and constructing:

Estate plans can change as your circumstances change, so it is important to review and potentially revise them after important milestones, including marriages, separations, divorces, births, deaths, and any changes in finances.

Contact Our Skilled Lake Norman Area Estate Planning & Elder Law Attorneys Today

Our North Carolina estate planning and elder law attorneys can help you and your family create legally binding powers of attorney and wills and trusts that provide confidence for your future.

To learn more about how we can help you and your family create a customized estate plan to protect your current and future wishes, call us at 704-286-8437 to schedule an initial consultation with our skilled attorneys in Mooresville, North Carolina at Daly Mills Estate Planning today.