There are a number of federal and state program available to individuals with special needs, but they typically require that the potentially eligible individual have little to no income and resources. Unfortunately, we do not live in a country where healthcare and long-term care are inexpensive, so even those who do not depend on public benefits programs for food clothing and shelter, need access to these benefits to offset their health and long-term care costs.
When you have a family member who is suffering from Dementia or Alzheimer’s there may come a time when they will have to transition into an assisted living facility. I know your first thoughts are; I will google a nice facility, maybe read some reviews, look at the amenities they have, how clean and pretty the pictures are. But there are other things that you should also consider. Here are some tips on what to look for when choosing an assisted living facility.
When you establish a trust, you can set the rules, you retain a certain level of control, and you protect your loved ones. With a Trust, you can ensure your hard earned assets aren’t wasted by an irresponsible loved one. I’m sure you can think of at least one. You can keep your assets out of the hands of creditors. After all, you want to leave assets for the benefit of your loved ones…not a creditor. Most importantly, you can avoid affecting a disabled loved one’s eligibility for public assistance!
Yes, even if you went through 15 days of labor, doctors and bank representatives are not required or permitted to just give you access to your child’s records.
Typically, when we talk about back to school, we’re talking about buying school supplies, clothes, electronics, and dorm room essentials. While those things are all necessary and important, young adults need a few additional items to be truly prepared for this new journey. Believe it or not, there are some estate planning documents that are very important for the young adults and college babies in your life to have.
No matter the status of your relationship, if kids are involved, you must take the necessary steps to make your intentions clear. Without a comprehensive estate plan and second parent adoption, your family may not be adequately protected.
Believe it or not, people are not thinking about what and how you would like things done. You probably already know this, but you won’t get everyone to support your choices. Be proactive, so you can leave the legacy your choose, and not one chosen for you.
While estate planning for LGBTQ+ families is very similar to estate planning for heterosexual couples and families since the legalization of Gay Marriage in the United States, there are still some unique issues to consider. So, in order to protect your assets from random family members who may or may not be supportive of your lifestyle, and ensure they are distributed to the person or people you choose, makes sure you have your ducks in a row.
Although issues addressed by Elder Law Attorneys are seldom thought of when we are young or even middle aged, being proactive, and taking the necessary steps to map out long-term financial and retirement goals, to plan for future long-term care needs, plan to deal with the what if’s such as illnesses and injuries, and ensure our loved ones and children are secure, is the key personal autonomy.
So, should you purchase long-term care insurance? Is it really necessary? Is it worth it? Well, a lot of people don’t have a long-term care insurance policy because they think it’s just too expensive. The reality is, a lot of people don’t even think about long-term care insurance until they are in their 60’s or older. That’s the real reason it is deemed expensive. Studies show that approximately 70% of those over the age of 65 will need some type of long-term care.
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Rock Hill, SC 29730
P.O. Box 10431, Rock Hill, SC 29731
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