Long Term Care Planning and You

Last week I attended a meeting where our speaker addressed long term care planning. Even as estate planning professionals, we had lots of questions for our speaker and all of them were answered. I thought I would share the hightlights with you.

Long term care planning is the creation of awareness and understanding and aceptance that it is possible for one to have special daily care needs at some point in our lives. Without long term care planning, you are exposed to the largest potential unfunded liability. Of course most of our questions pertained to long term care insurance. Generally, people are advised to get at least 3-5 years of coverage. Such coverage should be obtained early on to get the best rate. That generally means that you should obtain coverage while you are healthy and between the ages of 45 to 55 are the best time to secure the coverage.

Our speaker, John B. Linvill, Jr., CSA of J. Linvill LTC, specializes in long term care and is knowledgeable, professional and can be very helpful in your long term care planning.

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As We Age - Elder Law

I had mentioned before that I alway use my birthday as a time to review and reflect on important health, financial and personal matters. Making sure my estate plan is up to date is a part of this annual reflection. Well, today is my MOTHER's birthday!! Happy Birthday Mom!!

We are fortunate that my mother and father are both vibrant and healthy individuals. However, just like we should be doing our estate planning when we are healthy and can make sound and rational decisions, we should address issues of healthcare and long-term care when we are healthy and can make sound and rational decisions. The "sandwich generation", those caring for children and potentially caring for aging parents, should be planning for the issues that arise as we age. This would include the social security areas of retirement, disability, medicare and medicaid; long term care insurance; assisted living; and, guardianship. All of these areas have issues within them that can be sorted through with the help of an elder law attorney.

Feel free to contact us soon at www.ythlaw.com.

Day Four - Horizon Dock

Each morning I was up watching the sunrise from the hilltops and in the evening I watched the sunset on the horizon. This evening I sat on the dock awaiting the ferry to town as the sun made it descent towards the blue horizon. There has been much to celebrate with the pre-release of my first book. The bookstores are as anxious as I am for the arrival of my books in June. We have many planned events throughout the summer. I will keep you posted.

In the meantime, I answer the questions from a bookstore patron regarding long term care planning. I devoted an entire section of my book to Elder law which has become increasingly important. There are many planning steps that everyone should do to make sure their golden years are golden and not replete with regret from not planning.

Let me guide you through the answers to many of your long term care concerns.