The biggest mistake many families have made over the years with long-term care planning for themselves or a loved one is to put it off for another day down the road. Do not get us wrong; it is not that they have deemed the conversation unimportant. They know that day will come — they just believe in their hearts that it will not be today, tomorrow, or even next month.
It is easy to think these and other estate planning and elder law decisions can be handled later. But putting off what can be accomplished today — especially long-term care planning — makes planning much more costly when the need arises.
Considering the financial impact of not planning for long-term care should be an important part of any estate plan.
What Is Long-Term Care?
Long-term care is defined as a variety of services designed to meet a person’s health or personal care needs. These services help people live independently and safely when they can no longer perform everyday activities on their own. Long-term care services can range from skilled nursing services in a nursing home to services provided at home. Most LTC services provide assistance with the “activities of daily living” (ADL), such as bathing, dressing, going to the bathroom, eating, and getting around.
Anyone who has difficulty with two or more of these ADLs is considered in need of long-term care services. And their limitations can include either cognitive issues or physical impairment.
When people fail to plan, the need for long-term care can come suddenly and rob their savings as well as the financial future of the family. Fortunately, there are some steps you can take now to plan for a chronic illness while still protecting your assets.
Just a few ways our estate planning and elder law attorneys can help strategize and pay for your long-term care might be:
- Medicaid and Medicare
- Long-term care insurance
- Veterans benefits
- Disability benefits
- Asset protection
- Financial planning
Estate planning involves putting your affairs in order to protect everyone you love and everything you own after you are gone, and elder law gets all your ducks in a row in terms of financial planning and long-term care options.
Not every estate planning office also offers guidance with elder law. But Leigh Hilton PLLC does. Here is why:
- We can help families get along now and help them create a plan that helps them also get along in the future.
- We can plan for the full continuum of care.
- We care not only for the clients who come into our office but also for their parents and children.
- We can stay with people through their entire lifetime by offering estate planning and elder law guidance under the same roof. We can ensure they are protected, and their family is protected, too.
Call Leigh Hilton PLLC today!!
At Leigh Hilton PLLC, we try our very best to make the estate planning and elder law process as seamless and personable as possible. Our clients know they are being treated with respect and can take their time asking all the questions they need to ask so that they are confident moving forward. And if they have more questions, they can email or call us at no additional charge