Question 1: What is life care planning?
A life care plan is a comprehensive plan designed to address aging issues so that seniors can engage in the highest possible quality of life. Life care plans are individually tailored to meet each person’s health, financial, and practical concerns.
Question 2: Is a life care plan similar to an estate plan?
Yes and no. While a life care plan does include many of the same elements that you create when you establish an estate plan, there is also more to it than simply the legal concerns. A life care plan, for example, will include advanced medical directives, trusts, or other estate planning tools, but will also take into consideration home healthcare needs as well as other more practical and day-to-day living concerns.
Question 3: How do I create a life care plan?
While there is a lot you can do before you experience a medical problem, life care planning is all about meeting your specific needs. So, for example, if you have a medical condition that limits your mobility, your life care plan will probably include transportation considerations, home modifications to allow you to more easily move around, as well as possibly hiring home health assistants to help you with day-to-day tasks.
If you or a loved one face these challenges, the best place to start is a consultation with an experienced and qualified estate planning and elder law attorney. While some attorneys may offer services involving the preparation of a will or trust, they typically will not have the education and experience to assist with life care planning.
Latest posts by Timothy P. Murphy (see all)
- How Does a Veteran Qualify for Aid and Attendance? - June 14, 2019
- What Is a Reverse Mortgage? - June 12, 2019
- Tips for Choosing Fiduciary Roles in Your Estate Plan - June 10, 2019