Elder law is a specialized area of legal practice that focuses on issues that affect older adults, such as estate planning, long-term care planning, guardianship, and more. By working with an elder law attorney, individuals can create a comprehensive plan to protect their assets, ensure their wishes are carried out, and access resources to support their financial security in retirement.

Estate planning allows individuals to outline their wishes for the distribution of their assets after they pass away. By creating a will or trust, individuals can ensure that their loved ones are provided for and that their assets are protected. This can help safeguard financial security in retirement by offering peace of mind and avoiding potential disputes or legal challenges.

Long-term care planning involves preparing for the possibility of needing assistance with daily activities as one ages. By incorporating long-term care insurance, Medicaid planning, or other strategies into their financial plan, individuals can better protect their assets and ensure they have the resources necessary to cover the costs of long-term care services if needed.

In cases where an individual becomes incapacitated and is unable to make financial decisions, a guardianship or conservatorship can be established to appoint someone to manage their affairs. By having a trusted individual or professional appointed to oversee financial matters, the individual can avoid financial exploitation and ensure their assets are managed in their best interests.