Paying for long term care is a common worry of seniors and their loved ones. Long term care can be expensive, and finding ways to pay for it without bankrupting seniors or their families can be a challenge. Don't despair, though. Help is available.
An Elder Law attorney can help Clients and their families create a Long Term Care Plan that takes into account the Client’s current needs, anticipated future needs, and available financial resources. Such financial resources may include:
By working with an Elder Law attorney to create a comprehensive Long Term Care Plan, seniors and their families can maximize the opportunities for asset protection while also ensuring that the senior will get the care he or she needs.
Although it is never too late to plan, it’s best to plan early. Certain planning options may no longer be available if you wait too long. Planning early, before you actually need long term care, will also allow you to take time to thoughtfully consider your options before finalizing your Long Term Care Plan.