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National Academy of Elder Law Attorneys Supports Financial Literacy Month

Washington, DC (PR) April 15, 2012

April is National Financial Literacy Month, as proclaimed by President Barack Obama last year. The purpose of this proclamation is to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits. This goal is particularly important to the National Academy of Elder Law Attorneys (NAELA) clients: older Americans and individuals with special needs, and their families.

Elder and Special Needs Law are specialized areas that involve representing, counseling and assisting seniors, people with disabilities and their families in connection with a variety of legal issues, with a primary emphasis on promoting the highest quality of life for individuals. Typically, Elder Law and Special Needs Law address the convergence of legal needs with the social, psychological, medical and financial needs of individuals. The Elder Law and Special Needs Law attorney handles estate planning and counsels clients about planning for incapacity with health care decision-making documents. The Elder and Special Needs Law attorney also assists clients in planning for possible long-term care needs, including at-home care, assisted living or nursing home care. Locating the appropriate type of care, coordinating public and private resources to finance the cost of care and working to ensure the clients right to quality care are all part of the Elder and Special Needs Law practice.

With changes in programs such as Medicaid, Medicare, long-term care insurance, and other health care-related expenses, NAELA recognizes the importance of making well-informed financial decisions, especially in saving, planning, and investing for the future, said NAELA President Edwin Boyer, Esq., CAP.

NAELA is promoting this month-long event along with the Synergy Summit, a unified think tank and voice of the leadership of eight major financial and legal services organizations:

American Association of Attorney – Certified Public Accountants
American Bar Association – Real Property, Trust and Estate Law
American Bar Association – Tax Section (Estate and Gift Tax Committee)
American Institute of Certified Public Accountants
Society of Financial Service Professionals
National Academy of Elder Law Attorneys
National Association of Estate Planners and Councils
Partnership for Philanthropic Planning

These groups aim to mobilize the financial and estate planning communities to provide support, tools, and education for practicing professionals and the public they serve.

To learn more about planning for the future for older Americans and individuals with special needs, please visit the NAELA website and click on Find an Attorney to find an Elder and Special Needs Law attorney in your area.

Members of the National Academy of Elder Law Attorneys (NAELA) are attorneys who are experienced and trained in working with the legal problems of aging Americans and individuals of all ages with disabilities. Established in 1987, NAELA is a non-profit association that assists lawyers, bar organizations and others. The mission of NAELA is to establish NAELA members as the premier providers of legal advocacy, guidance and services to enhance the lives of people with special needs and people as they age. NAELA currently has members across the United States, Canada, Australia and the United Kingdom.