When a crisis arises with respect to the health of an elderly loved one, there may be remedies available in Texas and elsewhere to help ease the financial strain on the individual's family members. Those remedies, however, may be smaller and fewer if sought in the 11th hour. Elder law planning is best achieved when the individual is still lucid and competent to handle his or her affairs, generally at the age of retirement or older, or at the onset of a disability even if that happens prior to retirement age.
A last will and testament is not enough to plan for one's final years. The will, along with a power of attorney and a living will, are the foundation of the basic estate plan. However, the basic tools are often not enough to prepare for the needs of the future. A living trust may be ideal for some people and can eliminate the need for the paper-intensive probate process that occurs after the individual's death.