![]() Some common aspects to consider in choosing representatives are where they live, their relationship to one another, their professions, and how busy they are. If you cannot make medical or financial decisions for yourself, then someone close to you can be appointed to make decisions on your behalf. Elder law attorneys are empathetic to family complications and the unique nature of each client’s situation. ![]() ![]() One understated aspect of elder law is navigating the complexities of family dynamics. An elder law attorney is a great resource for connecting you with other agencies that can help with long-term care and aging.Įlder Law and Guardianship, Conservatorship, and Financial Administration There are many aspects to this process - called “estate recovery” - and it will be more easily addressed with proper financial planning. When you or your spouse pass away, the government will have a claim on your estate and may collect some or all of what it paid for care. Some of your income could also be diverted to your spouse to help pay for living expenses, which will reduce how much you pay for monthly care supplemented by Medicaid. A couple’s resources are assessed together to determine how much a spouse can keep. Medicaid may be able to serve as a partial funding mechanism even if you have significant resources available. An elder law attorney can help determine whether you are eligible for either program, discuss strategies for spending, advise whether it is in your best interest to apply, and help with the application process. Medicaid and the Department of Veterans Affairs have programs for qualifying individuals that can help pay for long-term care. Pro Tip: To learn more about paying for long-term care, take a look at my guides on how to pay for assisted living and how to pay for a nursing home. Beginning those plans early - even before retirement - may minimize the pressure of paying for care. Certain life insurance policies may be amended to help finance in-home care, adult foster homes, assisted living, and nursing facilities. Long-term care insurance that can cover care expenses later may have premiums of thousands of dollars per year, and it needs to be purchased when you’re healthy. Long-term care and life insurance policies may be available, but they become less viable options as you age. Paying privately for in-home care or long-term care facilities can be expensive, but it’s the least complicated method because it does not rely on bureaucratic programs that require confusing application systems. Some options are long-term care insurance policies, retirement plans, properties, incomes, expenses, natural supports, and Medicaid. ![]() How early you start planning may impact your options and how your future needs may be funded. Consulting with a financial planner who is versed in elder law can also help you plan ahead to pay for the cost of care. Paying for Long-Term CareĮlder law attorneys will consider how you can meet the rising costs of caregiving. The interior layout of the locations is also designed to accommodate residents’ needs. They have locked units to prevent elopement, activities appropriate for memory decline, and more supervision than other community-based care settings. Memory care facilities, or residential-care facilities, are for people with cognitive deficits. To receive care in a nursing facility, you typically would have a medical need such as wound care or intravenous injections. Long-term care facilities also provide care and assistance with the activities of daily living, but the staff is present during the night to respond to issues more quickly. Caregivers can include family members, independently hired home-care workers, and in-home care agencies. Another option, in-home caregiving, is where a caregiver goes to your home to assist with the activities of daily living, including bathing, hygiene, dressing, mobility, transfers, and cognition. Long-Term Care OptionsĪ few popular options are remaining in your home or relocating to an adult foster home or assisted-living facility. Check out our caregiving guide to learn more. Pro Tip: Apart from legal concerns, there’s a lot that goes into caregiving. Best Prescription Discounts for Seniors.
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