Long-term Care Planning

Long-term care can cost a fortune, quickly burning up the savings and assets you work hard to earn throughout your lifetime. One way to get help with this expense is to buy long-term care insurance. These policies are expensive, so you might be wondering, Is long-term care insurance a good purchase?

The short answer is that it depends. There are options that could work better for you. A

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Life care planning reflects a new mindset in estate planning. Traditionally, when a person set up an estate plan, the goal was to preserve as much wealth as possible for the next generation. One consequence of this approach was that heirs sometimes saw seniors as expensive liabilities on the family’s inheritance. Life care planning views older adults as valuable people whose comfort, safety, health, and well-being should be the first priority of their estate plan. A Read more . . .

Eventually, most of us wonder whether we should be exploring long-term care facilities for a spouse or parent. This decision can be emotionally charged. You might feel guilty and ambivalent with either conclusion. A California long term care planning attorney can help you evaluate the situation objectively and develop appropriate legal documents.

Should You Look Into Long-Term Care Options?

Here are 8 signs that you should be exploring long-term care facilities for your loved one.
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A study published by the National Institutes of Health found that aging gay, lesbian, and bisexual adults in California tend to be single and without adult children as they enter their senior years. As LGBTQ seniors age, they may need to move into long term care facilities because they lack support from a partner, family members, or adult children. 

Unfortunately, LGBTQ seniors may face issues that are unique to the LGBTQ community that heterosexual seniors may not face when contemplating long term care. Planning for long term care is crucial for LGBTQ individuals, who may want to consult a Read more . . .

Planning for retirement can be tricky. It is impossible to know the future; therefore, you cannot know for sure if you or your spouse may need long-term care. While there are a few factors that might give you an indication of whether you might be at risk of needing long-term care, you are taking a gamble if you assume you will not need nursing home care or other long-term care. A Read more . . .