How an Attorney Can Help you with your Long-Term Care Planning

An attorney, especially one specialized in elder law or estate planning, can play a significant role in helping you provide for your long-term care in various ways. Here is how we can assist:

Estate Planning: An attorney can help you develop an estate plan that includes provisions for your long-term care. This might involve setting up trusts, wills, powers of attorney, and other estate planning tools that can be used to fund your care.

Long-Term Care Insurance: Attorneys can guide you to appropriate individuals to provide the information on the benefits and limitations of long-term care insurance policies, helping you choose a policy that suits your needs and ensures that the benefits can be used for the type of care you prefer.

Living Wills and Healthcare Powers of Attorney: Attorneys can help you create living wills and health care powers of attorney, to ensure your long-term care wishes are honored when you become unable to make decisions for yourself.

Guardianship: In cases where an individual becomes incapacitated without prior arrangements, an attorney can assist in establishing a guardianship or conservatorship, allowing a designated guardian to make decisions about long-term care and other matters.

Asset Protection: Attorneys can offer strategies to protect your assets from being entirely depleted by long-term care costs, which can include the appropriate structuring of assets and the use of certain types of trusts.

Tax Planning: Certain aspects of funding long-term care can have tax implications. An attorney can help you understand these and plan in a tax-efficient manner.

Dispute Resolution: If disputes arise with long-term care providers or insurers, an attorney can represent your interests and work towards a resolution.

Special Needs Trusts: For individuals with special needs, attorneys can help create supplemental special needs trusts that provide for long-term care without jeopardizing eligibility for public assistance programs.

Wilson Law PLC has the experience to ensure that you receive advice tailored to your specific situation. If we can assist you with your long-term care planning, call our office at 866-603-5976 or fill out our contact form and we will be in touch to schedule a meeting.