With 10,000 baby boomers, the wealthiest generation in history, turning 65 every day and only forty-four percent of Americans having a Will, Wayne sees a crisis ahead. His mission is to use 43 years of legal experience educating Arkansans of unforeseen costs, avoidable risks and disastrous pitfalls that are likely to occur without proper planning. “Thirty trillion in assets are about to change hands over the next few decades. It’s vital to know how to avoid throwing away money and how to prevent unnecessary emotional stress and unintended consequences,” Wayne says. “Estate planning is not just for the wealthy. Every adult needs to have certain key documents. Anyone who owns a home or has minor children has an estate worth planning for regardless of monetary value.”
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About Little Rock, Arkansas
Little Rock, a city located in the state of Arkansas (AR), is home to a population of approximately 459,409 people. Little Rock boasts a median age of 36.6, with around 20.6% of its residents aged 60 or above. 6.3% of the population identifies as US Veterans. 13.4% of Little Rock residents are disabled. The city has an average household income of $58,697, while the unemployment rate stands at 4.4%, and around 16.5% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Little Rock is $205,004, with a monthly rent averaging $1006.
About Elder Law
Elder law is a specialized area of law that focuses on the legal needs and concerns of aging adults, typically those over the age of 65. It covers a wide range of legal and practical issues that affect seniors, their caretakers, and family members. The primary goal of elder law is to provide holistic legal advice and support to older adults and those who are disabled, allowing them to preserve and protect their rights, values, and interests.
Elder law is not limited to any specific legal problem but rather focuses on the specific needs and challenges faced by the elderly population. The field of elder law aims to ensure that seniors have access to the necessary legal protections and support to enhance their quality of life and overall well-being.
What is an Elder Law Attorney?
Elder law attorneys specialize in addressing various legal matters related to aging, including estate planning, retirement benefits, health care planning, long-term care options, capacity and decision-making, public benefits, conservatorship, and administration of estates. They provide guidance and assistance in navigating complex legal processes and ensure that the unique needs and concerns of older individuals are met.