You may be familiar with the term Estate Planning, but have you heard of Life Care Planning? While different from Estate Planning in many ways, Life Care Planning is very important, in and of itself. The fact is most of us will need to make certain adaptations to our lives as we age. This is just the reality of the aging process. As a person gets older, they often need assistance with their physical needs as well as assistance managing their affairs. It can be daunting looking at the future and facing the reality that we will likely need more help as we age. Put a Life Care Plan in place today and get peace of mind knowing that you have secure structure in place to address your future needs.
What is Life Care Planning?
Life Care Planning is a short name for what is a holistic approach to a person’s elder law needs. It can encompass many different things, but the focus is to help people, usually seniors, and their loved ones plan and prepare for the challenges that can arise over the aging process. A Life Care Plan can also address the challenges that can arise from illness and disability. A comprehensive life care plan will plan for immediate needs as well as account for potential hurdles to overcome in the future.
With an individualized Life Care Plan, we can create with you a detailed plan for your personal needs and implement the supporting legal tools to meet your current as well as future needs. Depending on your priorities, a Life Care Plan can be key in preserving your independence as you age. It can also be invaluable in assisting you with finding the care you need when you need it. Essentially, a Life Care Plan can address current and future caregiving needs and cover the cost of your caregiving needs. It can put legal protections in place to safeguard your healthcare treatment preferences and appoint trusted individuals to make healthcare decisions on your behalf and manage your affairs should you need that type of assistance.
During the Life Care Planning process, clients can make sure the proper legal tools are in place that will safeguard their assets and help ensure their wishes are honored. This could involve preparing Irrevocable Trusts for asset protection. It can also include:
- Advising on available long-term care services
- Coordinating care as needed
- Advising on Veteran’s benefits
- Advising on available benefits when appropriate
When you make a Life Care Plan, it offers immediate guidance as well as consistent and continued guidance into the future. It is not a set-it-and-forget-it situation. We are as your needs evolve here to evolve and support you and your loved ones as necessitated by your then-current circumstances. We are your advocates and support system on this journey.
Elder Law Attorney
Are you worried about the future? A Life Care Plan can bring you great peace of mind. Put a plan in place that will account for your changing needs as you age. The dedicated elder law team at E.A. Goodman Law is here for you. Contact us today.
Posted in: Estate Planning