Long Term Care Planning: Forethought Today And Rest Tomorrow!
Nobody wants to worry about getting older, but the truth is that with every year, retirement draws nearer, and with it comes the possibility of needing more assistance to complete daily tasks.
Often, people don’t know much about elder law since planning your future may be a nerve-wracking, challenging, and scary task for many people due to the many legal, financial, and emotional aspects involved, particularly those who are older may find this very daunting.
Planning for the Future
People want what is best for their elderly family members and themselves; accordingly, they establish estate planning strategies that avoid complicated probate procedures to cover any medical expenses and anticipate any unforeseeable problems during retirement.
The financial aspects of professional in-home care or a protracted stay in a long-term care facility are covered by long-term care planning plans. A long-term care plan clarifies a wide variety of concerns to make the most of your assets if you need long-term care.
Traditional estate planning generally limits to planning for the division and transfer of your assets once your pass away. On the other hand, long-term care planning covers some aspects of traditional estate planning but also includes plans for the possibility you may need long-term care.
Long-term planning and preparing for difficulties that could emerge as we become older (and perhaps injured or incapacitated) is the responsible choice to make under any circumstances. This involves many factors, such as the ability to keep government benefits, Medicaid eligibility, attention to asset and income distribution, and decreasing tax obligations as legally possible.
A Skilled Attorney Will Help
The evident complexity of these types of arrangements calls for the assistance of a skilled attorney specializing in issues affecting the elderly, who can provide effective advice on Medicaid planning, guardianship, nursing home applications, and general home care, as well as potentially help avoid expensive nursing facility bills.
When the time comes for you or a loved one to get long-term care services, such as nursing home care or assisted living facilities, you want to be sure that all essential preparations have been made in advance, so there are no surprises later. A long-term care planning attorney will make sure everything is done correctly from the beginning, so nothing is overlooked along the way.
We Can Set Up Your Future
The Law Offices of Howe and Garside, LTD have years of experience in long-term care planning and will do everything we can to help you make the right decisions for your best legal outcome. Our attorneys will assess your legal concerns and handle your case with the attention it deserves. Contact us today or use our online contact form to schedule a free consultation.
The Law Offices of Howe and Garside, LTD provides highly-experienced legal solutions in Newport, Lincoln, Middletown, Portsmouth, Warwick, Greenwich, Kingstown, Tiverton, and the surrounding Rhode Island communities.
55 Memorial Blvd. Suite 5
Newport, RI 02840