Elder Law Lawyer Providing Clients With Skilled Legal Services
Elder law addresses the unique legal needs of aging individuals. The older population in Israel faces some challenges that are not often seen in other countries. When they retire, many older Anglo Jews finally fulfill their dream of making Aliyah. While this is a happy time, it can also be incredibly complex and confusing for individuals who suddenly need to adjust to a new culture, healthcare system, and laws.
As an American-Israeli lawyer, Jay Hait understands the difficulties older Anglo-Jewish people can face. He is committed to helping older individuals with their legal needs so they can enjoy their golden years in Israel to the fullest. If you or a loved one have questions regarding wills, estate planning, healthcare, guardianship, or another elder law topic, contact our office today at (077) 200 8161.
What Issues Do Older Anglo-Jewish Individuals Encounter?
Coming to Israel from a Western culture and learning to adapt can be hard for individuals of all ages. However, the process becomes even more difficult to navigate for older immigrants who must also deal with the usual challenges of aging. Some older Anglo-Jewish people are far from their families and children, who would typically provide assistance and care. It’s essential for these individuals to have a solid healthcare plan in place because they may require more outside care and service than those with a reliable family support system would.
It’s also crucial to have legal documents that spell out their wishes for medical care and other important choices because they may not have a nearby person to help make those decisions for them. While an individual may have had documents like these already created in the US before they moved, such as a living will and a power of attorney, they will not be valid in Israel. It is vital to consult with a knowledgeable elder law attorney following your move to understand what aspects of your estate and healthcare plan are still valid under Israeli law and which need reconsideration.
Are Retirement-age Individuals Who Make Aliyah Eligible for Social Security and Universal Health Care?
Deciding to make Aliyah is a big choice, especially for someone who is past working age. When determining whether the move is financially feasible, many ask if they will be eligible for programs such as Betuach Leumi (Israeli Social Security) or Universal Health Insurance. The good news is that the answer is often “yes.”
If you make Aliyah before you turn 60 (for women) or 62 (for men), you will qualify for a reduced payment from Israeli Social Security. If you move after you turn 62, you will not have eligibility for this program, but you may qualify for non-age-related assistance programs, depending on your income.
No matter your age, you will be eligible for Universal Health Insurance. It covers most basic care and pre-existing conditions. However, we strongly recommend getting supplemental coverage to handle your increasing medical care needs as you age. Although Betuach Leumi and Universal Health Insurance will not provide enough assistance to serve as a retirement plan on their own, they can make a big difference when you are considering the financial implications of a move.
Will You Be Able to Collect Your US Social Security or Pension While in Israel?
Some Anglo-Jewish people worry about whether they can collect their retirement funds, such as US Social Security or a pension, if they make Aliyah. Luckily, you can still receive these payments you’ve worked so hard for while you are in Israel. Due to the tax treaty between Israel and the US, your Social Security payments will never be taxed. There is also a ten-year tax hiatus on foreign-earned income following Aliyah, so your pension benefits will be tax-free during this time. However, you will likely need to pay taxes after this point unless you have an exemption, so it is wise to have a financial plan in place for the future that accounts for this.
What Can an Elder Law Attorney Do for You?
Older individuals, especially those who have made Aliyah in their later years, have particular legal needs which require a unique set of skills. It’s essential to seek out a lawyer who can answer your questions about your present issues and also help you look forward and plan for the eventualities of aging. An elder law attorney from Hait Family Law will take the time to listen and understand your concerns, values, and goals so they can provide the best possible legal services to meet your needs. Call our office today to schedule your appointment: (077) 200 8161.