The Importance of Planning for Long-Term Care

Posted by Janssen Estate Probate and Elder LawDec 15, 20220 Comments

Janssen Estate, Probate & Elder Law can offer expert guidance if you are wondering about 'the importance of planning for long-term care.' We began serving clients in the Kansas City Metropolitan Area for 35 years. Through proper knowledge, we believe clients can make more informed decisions regarding their estate.

Planning ahead for long-term health care planning is essential. This involves understanding your options, financial implications, and when to hire an attorney. In this article, we explore both the importance and benefits of long-term planning as well as your options.


What Is Long-term Care? 

Long-term care refers to an array of services designed to maintain the quality of life for people living with chronic illnesses or disabilities. Services may be provided in nursing homes, assisted-living facilities, or directly in the home - or any combination thereof. This gives individuals who need support as they age or face health challenges the assistance they require in living independently.


What Are My Options For Long-term Care?

There's no one-size-fits-all approach to long-term care. Rather, there are numerous choices available:

  • In-Home Care: Home care services have become an increasingly popular option for many who wish to remain independent while receiving assistance. These options allow individuals to remain self-reliant while receiving help with daily living needs.
  • Assisted Living Facilities: Assisted living facilities are residential communities that offer assistance with daily tasks in a communal setting.
  • Nursing Homes: They provide 24-hour skilled nursing care to those in need.
  • Adult Daycare: This can be an economical and efficient option for families, enabling caregivers to send their loved ones off during the day to a daycare facility.
  • Continuing Care Retirement Communities (CCRCs): CCRCs offer an array of services from independent living to nursing home care that enable residents to adapt their living arrangements according to changing needs.


How To Plan Ahead For Long-term Care?

Consider these steps when setting aside funds for long-term care:

  • Plan Early: By starting early with planning, your options and cost savings will improve dramatically.
  • Consider Your Finances: Consider what can and cannot be afforded as long-term care can be expensive.
  • Examine Your Options: Long-term care insurance can be an essential means of covering future expenses.
  • Legal Documents: Use legal documents like a power of attorney and living trust to convey your wishes and appoint someone who will make decisions on your behalf.
  • Communicate With Loved Ones: Have an open discussion with members of your family regarding your lifestyle choices and preferences.


Paying For Long-term Care

Long-term care expenses are an enormous financial strain, so you should carefully explore all available solutions to cover them. Here are a few suggestions:

  • Long-Term Care Insurance Plans: Insurance plans specifically tailored for long-term care will relieve financial pressure when the time is right.
  • Medicaid: Medicaid is a long-term care insurance program that may cover your expenses if you meet certain financial and health criteria.
  • Personal Savings: Self-funding can be an appealing alternative, but requires careful consideration and planning.
  • Veterans Benefits: Discover what benefits exist for you or someone close to you.

Why It's Beneficial To Hire An Attorney?

Navigating the complexity of long-term planning can be challenging, so consulting an attorney is often best. Here's why hiring one makes sense:

  • Attorneys possess a deep knowledge of all legal implications associated with long-term care plans and will work tirelessly to protect your interests.
  • Your plan can be tailored specifically to your unique circumstances.
  • An attorney can reduce risk by helping to navigate potential legal pitfalls and provide advice.
  • Know that during your time of crisis, a professional is by your side guiding and supporting you.


When Should You Hire An Attorney?

As soon as possible, hire an attorney for long-term care planning. The sooner an attorney is hired, the better their advice will be and why:

  • Planning early will give you more options and better financial preparation.
  • Drafting legal documents such as wills or trusts takes time, so planning ahead can ensure they're ready when needed.
  • Life can be unpredictable, accidents or health issues could arise at any moment. Planning ahead can help limit the effects of unexpected events.


What Criteria Must I Consider In Selecting An Attorney?

Selecting an attorney that best fits your long-term planning is of utmost importance. Below are the criteria you should use when searching for an attorney:

  • Experience: When selecting an attorney to represent you in elder law matters such as long-term care planning or estate administration, look for one with expertise in these areas.
  • Reputation: Research online reviews and consult friends or family for recommendations.
  • Communication: Finding an attorney adept at communicating can help you to comprehend the legal process and its ramifications more fully.
  • Transparency: They should provide clear details regarding their services and fees.
  • Empathy: Long-term care can be an emotionally charged subject. An attorney who shows understanding and care will be an invaluable asset.


Why Choose Janssen Estate Probate & Elder Law

Janssen Estate Probate & Elder Law understands the significance of long-term care planning and our attorneys specialize in elder law and caregiving to provide advice that fits your unique situation. Our clients have trusted us because of our transparent communications and empathic approach.


Suggestions For Action

Consider these steps to start planning effectively for long-term:

  • Consult an Attorney: Speak to an attorney with experience in long-term care planning for guidance.
  • Assess Your Finances: Evaluate your current situation and plan how to finance long-term healthcare solutions.
  • Create Legal Documents: Partner with your attorney to draft important documents like powers of attorney and living trusts.
  • Communicate With Loved Ones: Communicate your plans to those closest to you.
  • Consider Insurance: Look into long-term care options and find an insurance plan that meets your budget needs.

Planning for long-term healthcare needs is a vital part of safeguarding your future and fulfilling your wishes. Navigating this complex process with confidence requires having an attorney on your side who understands its complexities and can guide you through it successfully. Contact us today at 913-322-6300 or send us an email on our Contact Page.