Five Steps to Follow On the Path of Long Term Care Planning
October 17, 2005
Often times when families are faced with the need for long term care in a nursing home facility, they are overwhelmed by the decisions necessary to protect their loved ones and their assets. While the rules and regulations concerning long term care can be confusing, there are personal and financial planning options techniques available to families who seek professional advice early in the process. There are five basic steps available to most families on the path of long term care planning which focus on personal care and estate planning and financial planning where long term care is needed either immediately or in the near future.
It is important that as soon as the family is aware long term care is needed or will be needed in the near future, the family consult professional organizations and an attorney to gather information and referrals for both the elder and the caregiver. Many organizations provide support services for the caregiver, as well as referrals to professionals for the elder in need of long term care. Caregiver support groups…
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by: Julie A. Dialessi-Lafley, Esq.