What is a life care plan?

A life care plan is a type of disability planning law in California which is designed to provide care for individuals with disabilities. It is a plan to ensure that those individuals have the necessary financial resources, medical care and even housing needs available to them in the event of an incapacity. The plan is created by a professional who specializes in disability planning and is typically based on the individual’s medical history and current needs. The plan should include an inventory of any medical or other assistance needed, as well as an estimate of future needs. The plan should also include an analysis of the individual’s current financial situation, including income, assets, liabilities and so on. The plan should also include recommendations for how the individual should fund future needs, such as through insurance, government benefits or private investments. Additionally, the plan should also include an outline of a plan to manage any assets the individual may have. The goal of the life care plan is to ensure that the individual with a disability is provided with the best care possible.

Related FAQs

What is a charitable trust?
What are the rules for Medicaid trusts?
What is an irrevocable trust?
What is a living will?
How can a disability lawyer help me?
What is the definition of a disability?
What is a disability review?
What is a pooled income trust?
What is the Family and Medical Leave Act (FMLA)?
How can I avoid probate?

Related Blog Posts

Explaining the Basics of Disability Planning Law - July 31, 2023
Preparing a Comprehensive Estate Plan with Disability Planning Law in Mind - August 7, 2023
Creating an Estate Plan to Provide Financial Security for Individuals with Disabilities - August 14, 2023
Important Considerations When Drafting a Disability Planning Document - August 21, 2023
The Advantages of Working with a Disability Planning Lawyer - August 28, 2023