How do I plan for long-term care and elder care needs?
If you are a California resident and are planning for long-term care and elder care needs, the first thing you should do is to research your options. Depending on your individual situation, you might be eligible for financial assistance from programs such as Medicaid and Medi-Cal, or from other government and private sources. The next step is to talk to an experienced and knowledgeable elder law attorney. An experienced elder law attorney can help you to assess your financial situation, and evaluate the best options to meet your long-term care and elder care needs. They will be able to advise you on the various programs available in California, and what kind of financial assistance you may be eligible for. If you decide to go ahead with private long-term care insurance or Medicaid, an experienced elder law attorney can help you to understand the legal aspects of the agreements and make sure that your rights are preserved. Finally, it’s a good idea to create a comprehensive estate plan that takes into account your long-term care and elder care needs. An estate plan that includes durable powers of attorney, advance healthcare directives and a will will help to ensure that your wishes are honored and that your assets are distributed as you intended. By researching your options, consulting with an elder law attorney, and creating a comprehensive estate plan, you can plan for your long-term care and elder care needs.
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