603-924-3050
RUNYON LAW OFFICE, PLLC
  • Home
  • Our Attorneys
    • L. Phillips Runyon III
    • Jaran R. Blessing
    • Jacqueline M. Blessing
  • Areas of Practice
    • Estate Planning
    • Probate and Trust Administration
    • Elder Law
    • Business Formation, Representation, and Succession Planning
    • Real Estate Transactions
    • Federal Student Loans
  • Staff
  • Food for Thought
    • Suggestions for Senior Dilemmas - 03/03/2020
    • SECURE in the Knowledge - 02/06/2020
    • Holiday Semi-Legal Offerings 12/19/2019
    • From One State to Another - 11/20/2019
    • What to Do with Those Documents - 06/05/2019
  • Contact Us
  • Food for Thought Archive
  • Your Thoughts
  • Directions
  • Our Town
  • Vital Signs Material
  • ABA pro bono letter

Elder Law Priorities by Phil Runyon

5/19/2014

 

Elder Law Priorities

Elder law is the fastest growing practice area for many lawyers, because people now entering their Medicare years are the fastest growing demographic - and they have the most money to pay lawyers (I said it, but you were thinking it).  Some of this has to do with declining birth rates at the other end of the spectrum, but it also stems from dramatically longer life expectancies than just 20 or 30 years ago. If you saw "60 Minutes" recently, you know that some of the factors contributing to the longevity explosion are exercise and healthy diets (as you might have guessed), but also a little coffee and alcohol everyday (an unexpected bonus), and modest weight gain in our senior years (I think many of us are pursuing this one religiously).

The problem is that while our bodies are being tuned to run forever - with replacement parts available for what wears out - our minds are not keeping pace - and so far a brain transplant is not in the medical arsenal.  That dilemma carries with it many consequences, not the least of which is that others need to have the authority to handle the legal, financial and medical affairs of those who can no longer make those decisions for themselves.  The trouble is that arrangements for granting that authority need to be made while the strapping senior is still mentally vigorous, too.  That means executing durable powers of attorney and health care directives before the fog of incapacity drifts in, which we all know can happen almost overnight.  It happens instantly if there's an unexpected medical emergency, and who wants to worry about having their legal ducks in a row when they're preoccupied with stressful treatment decisions for their family members.

This isn't to say that nothing can be done if the moment for decision has been lost.  It's just that the alternative is court-supervised guardianship, which is an expensive, time-consuming hassle to get established and then to administer year after year.  Lawyers love them - they're like mini pensions - but unless you love your lawyer enough to pay to see her every year, you're not likely to be as enamored.

OK, so how do you get these magic documents for yourself or your elders?  Again, lawyers are often the source if you want them done correctly and thoroughly, but they may not have to be done more than once - or at least more than once every 5 or 10 years.  And if you want to save on health care directives, you can go to healthynh.com and download a perfectly good form there, along with the instructions on how to execute it properly.

I had a great friend who was sharp as a tack until he died last year just short of 100.  We should all be so lucky.  The irony is that medical advances are making it less likely for that to happen.  So like having our knees and hips replaced, we need to take other important steps - or help our elders do so.

Comments are closed.

    Archives

    April 2019
    February 2019
    July 2018
    March 2018
    October 2017
    July 2017
    October 2016
    June 2016
    March 2016
    January 2016
    December 2015
    October 2015
    August 2015
    July 2015
    June 2015
    May 2015
    February 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    October 2013
    September 2013
    August 2013
    July 2013
    May 2013
    April 2013
    March 2013
    February 2013
    November 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012

    Categories

    All
    Asset Protection
    Estate Planning
    Miscellany
    Probate
    Real Estate
    Tax Planning

Copyright ©  2012-2022 Runyon Law Office, PLLC