An experienced elder law attorney can help you develop a long-term care plan, which is a beneficial planning tool, regardless of your age. The long-term care plan should include:
- Where you want to live as you age
- How you want to be cared for
- Who will make medical decisions
- Who will make financial decisions
- How you will pay for long-term care
- Which benefit programs you qualify for now
- Which benefit programs you will qualify for later
- All legal documents required to execute your long-term care plan
- Steps to take to protect your assets
A long-term care plan should be a flexible document, and it is advised that you update this plan every three years, as your financial situations and health can change over time.
Many people start out with a long-term care plan, and put it in a filing cabinet or safety deposit box when it is complete. When the time comes to need the long-term care plan, the information is outdated, and in a worst case scenario, impossible to fulfill due to situational changes. The best plan is one that evolves as you age.
