As we discussed last week, your life care plan is a very serious consideration for you as you age. By creating a comprehensive life care plan, you set forth the expectations for your end-of-life and long-term care needs and create the plan that will allow those expectations to happen. We know that just thinking about all the guidelines and rules for this type of planning can seem overwhelming. However, our firm is here to help you work through the process of creating your plan.
One aspect of life care planning that is important is asset structuring. In some cases, your assets might need to be restructured in a way that enables you to enjoy the full benefits of life care planning programs that are available. This can include applying for and qualifying for Medicaid, veterans’ benefits, or Supplemental Security Income. We can help you get things ready to apply for those programs. We can also help you when you are ready to file applications for those programs.
When you have made your plan, there is a chance that it will have to be revamped. We can help you look over your plan periodically to ensure that it still meets your needs and desires. We can even help you when it is time to get things together for the annual review of the benefits you are receiving.
It is important for you to think about your long-term care planning needs while you are still able to make choices for yourself. When you are incapacitated, you won’t be able to make your wishes known.