Boom time for geriatric law
By Debbie Guest
September 25, 2009
IT is an area of law full of new concepts that is set to produce big windfalls for lawyers due to Australia's ageing baby boomers.
Dubbed "elder law'', specialists in the field say come 2011 the niche area will be booming, with lawyers in demand to solve a range of complex family dilemmas including whether elderly parents have the capacity to make their own decisions.Brian Herd, elder law specialist and partner at Queensland-based Carne Reidy Herd Lawyers, said baby boomers would produce more work for lawyers than their parents because of the greater complexity of their lives.
"It's the baby boomers in particular, the next older generation that we're really targeting because they're the ones that are going to have significant wealth, significantly complex lives, complex families,'' he said.
"All of that is a pot for lawyers, in terms of legal issues arising out of that vast vat of complexity that older people take with them into retirement. The current generation is a bit simpler in terms of their circumstances.''
Herd said a wealth of legal work stemmed from people growing old and this was not confined to the traditional areas of power of attorney and wills.
Abridged
SOURCE: The Australian News
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Yes, I agree that there will be more jobs for lawyers. Some of these jobs are created by the inadequacy of current laws (e.g on Power of Attorney, Guardianship rulings, etc).
................AC
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