Safeguarding Your Future Through Long-Term Care Planning
As we age, we start considering our options for when we can no longer care for ourselves. Long-term care involves services that aim to preserve someone’s quality of life and meet their health and personal needs. Planning for it can allow you to live as independently as possible for as long as possible.
Our founder at the Law Office of Harvey L. Cox is an experienced attorney who has a deep understanding of the issues that surround long-term care. At our Waco and Round Rock offices, we will meet with you and perform a deep dive into all the relevant information needed to develop a comprehensive long-term care plan. We can help you protect your assets for your spouse and family and plan your estate to ensure flexibility as your circumstances and needs change.
Making Long-Term Care Accessible To You
Long-term care includes medical and non-medical care for people unable to perform basic activities such as bathing or dressing. Depending on the person’s needs, long-term care can be provided at home or in a facility designed for such care.
There are various options for long-term care, including:
- In-home care
- Assisted living
- Nursing homes
- Adult day cares
People who have severe and ongoing health conditions or disabilities are most at risk for needing long-term care. As people get older or their illness worsens, their need for care may increase. Long-term care can get expensive, whether delivered at home or in a nursing home. The kind of care and the level of help available depends on a person’s financial situation. Nursing homes are typically the most expensive type of long-term care.
Long-term care can be paid for through personal funds, such as pensions and income from stocks or bonds. Older individuals may be eligible for government health care benefits that will help with care-related costs. Medicare does not cover the costs of assisted living or other long-term care.
At Law Office of Harvey L. Cox, we will help you prepare when you require this type of care. Through estate planning measures, such as creating life estates and trusts and establishing powers of attorney, we can help you set up a plan to cover your care if needed.
Plan For Long-Term Care Before You Need It
You can never know for sure if you will require long-term care in the future. However, it is always best to prepare for anything. Planning for the possibility of long-term care allows you to protect your future and make important decisions while you still can. Contact us today to schedule a consultation and learn more about how we can help you plan for long-term care.