How Can You Prepare for Long-Term Care Before the End of Summer?
- Thomas Hamilton
- 1 day ago
- 2 min read
Updated: Jul 23
Preparing for Long-Term Care Before Summer Ends
Summer is a great time to think about your long-term care needs and ensure you are prepared for the future. As the season changes, it's the perfect opportunity to revisit your estate plan and health care planning tools to make sure everything is in place. Here’s what you can do before summer ends to secure your future.
1. Review Your Estate Plan An estate plan is not just about distributing assets. It’s also about ensuring your health care decisions are in place should you become unable to make them yourself. Take time to review your durable powers of attorney and health care planning tools to ensure they are up to date and reflect your current wishes.
2. Explore Long-Term Care Options Long-term care can be a significant concern for families. Whether it’s in-home care, an assisted living facility, or nursing home care, understanding your options is vital. Discussing your preferences with family members and creating a plan for potential care will ease the burden when the time comes.
3. Protect Your Assets Long-term care can be costly, but there are strategies to protect your assets. Medicaid planning, for example, allows individuals to preserve assets while qualifying for assistance. Consult with a qualified elder law attorney to help guide you through asset protection strategies and Medicaid eligibility requirements.
4. Plan for the Unexpected Planning ahead for long-term care can help avoid stress during an unexpected health crisis. By having advanced directives in place, you ensure that your wishes are followed even if you are unable to make decisions for yourself. This also provides peace of mind for your family members.
5. Review Benefits and Resources Check to see if you qualify for any veterans’ benefits or spousal protections that can help with the cost of long-term care. Many programs provide financial relief for those who need assistance but may not be aware of the benefits available to them. Let us help you explore your options and maximize available resources.
We know this article raises more questions than it answers. Our firm offers a number of legal services designed to help you and your family. We understand that not everyone can come into our office. Unlike other firms, we can make arrangements to come to you. Let us know when you call us at (502) 348–4873 to set an appointment or fill out our contact form, and we will contact you to coordinate a meeting based on your individual needs.