Experienced Assistance With Long-Term Care Planning
Creating a will and other estate documents is something that adults of all ages should do. There are, however, some issues that are of particular concern to elderly individuals and their families. These matters fall into a category that is commonly referred to as elder care law or long-term care planning. A chief concern of the elderly and their family members is staying informed about the ever-changing rules of Medicare and Medicaid, as well as other medical benefits they qualify for such as veterans benefits.
This is a risky area for do-it-yourselfers to venture. Long-term care insurance plans are complex, and people who purchase them without legal guidance often discover too late that they do not provide the financial protections they seemed to promise when they were purchased.
At Busson & Sikorski, PC Attorneys at Law, we are committed to helping people address the full spectrum of concerns that are associated with long-term care. We can address these concerns as part of an overall estate planning effort, or separately if you have an existing estate plan. Your long-term care plan will include power of attorney documents for health care and financial decisions.
Why Long-Term Care Planning Is Important
Life expectancy rates continue to increase, meaning an increasing number of individuals are unable to live independently for their entire life. Long-term care planning is focused on ensuring that you or a loved one is prepared to handle a health crisis financially and logistically. We help our clients review their options for life events such as securing in-home care, transitioning to assisted living or moving into a nursing home. We help plan for the costs that come with these life events, and we take steps to prevent individuals or married couples from draining their life savings on these late-in-life costs.
As with all other aspects of estate planning, every individual’s situation is unique. We will take the time to review your existing situation in order to create a strategy that best suits your needs. Planning ahead of time is always wise to put the best strategy in place, but we can and do work with families to preserve assets after a health crisis has already occurred.
The First Step Is To Schedule A Consultation
Postponing putting a long-term care plan together may limit your options. Call today to schedule a free 30-minute consultation with our knowledgeable and experienced estate planning lawyers. Call 646-561-9099 or use our online contact form to schedule a meeting.