A recent study of widows and widowers indicated that less than one out of five felt that their financial planner is providing them with appropriate information about long term care planning. Long term care planning is crucial for outlining your prospective risks and ensuring that you have a plan in place to address them if and when a crisis arises. Most people entering retirement age today will have a strong chance of having to cope with a long-term care planning event.
Just one accident or a diagnosis of a cognitive issue could lead someone to need support in the form of advanced long-term care planning. If you find yourself in need of looking ahead to the future to protect yourself as well as your loved ones, you need the support that only an experienced elder law lawyer can provide.
A knowledgeable elder law lawyer will be familiar with long term care planning options and will help walk you through the process to ensure that all bases have been covered, and that you have the relevant peace of mind necessary to proceed. The support of an attorney is instrumental in outlining your long-term care plans and ensuring that necessary people can take action sooner rather than later if something were to happen to you. It can be difficult to acknowledge the need for long term care planning. Increasing longevity numbers might give people a false sense of confidence about living into their elder years with minimal or no impacts as to their life or overall health. However, declining health and the rise of issues such as Alzheimer’s indicate just how important it is for everyone to look into their future and contemplate long term care planning as part of the process.
The support of an attorney can help to verify that you’ve considered all relevant aspects of long term care planning and have approached the issue from relevant different perspectives. This might not seem important now but can be instrumental if your loved ones are faced with the challenge of providing you appropriate care and are not sure how to pay for it.
Long term care insurance is not the only way to fund your long-term care needs, but it may be an important cornerstone of your overall long-term care plan. Schedule a consultation today with an experienced estate planning lawyer to learn more.
