A long-term care plan is essential for every individual entering the retirement years. It will provide orderly management of financial and medical decisions in the event of disability or incapacity. We offer a clear three-point plan:
Most people want to continue living in the environment they know best — their homes. We work with our clients —and their families — to help determine how much independence is possible. We usually begin with a few steps:
Self-determination and control is the goal, but they may not always be possible. Planning ahead can ensure that your wishes are carried out by your appointed agent.
The following basic legal documents are the essential tools Grimaldi & Yeung LLP provides — known as Advance Directives — to implement your plan.
Living longer means that you may have to plan more carefully for financial security. We can create a plan to better cover extraordinary medical and living expenses, such as home care services, assisted living facilities, nursing homes or other long-term care arrangements. These expenses may be paid for in various ways, including:
With the high cost of care, insurance and government benefits — such as Medicare — are paying a larger and larger share. In spite of this, unprotected private savings are still expected to be fully used before most types of public funds become available. The right mix of resources will ensure that your care is covered. Some key things to consider in forming your long-term health care plan:
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