Nobody wants to think about getting older, but we have to in order to ensure we’ll have the best quality of life possible in our golden years. That’s why it’s critical to do long-term care planning ahead of time before it’s too late and you don’t have as much control over your life.
When planning for long-term care, here are three important factors to consider.
Determine whom you want to take care of you. Is your son or daughter going to step up? How about your spouse? Or will you need to hire caregivers from an agency? Do you have referrals for a good agency, or do you need to start asking around? Would you rather go into a nursing facility or a senior living complex instead of staying at home? Make sure you know the answers to these questions and you communicate your wants and needs with your loved ones.
What Kind of Care You’ll Need
If you have health conditions that require special care, you’ll need to figure out what kind of care you’ll need. If you are healthy and no major health conditions run in your family, you may just need a caregiver to help you with the basics like shopping and cleaning your home. While you can’t really predict the future and what’ll happen with your health, you can prepare as much as possible.
How You’ll Afford the Care
Are you going to rely on Social Security benefits and Medicare, or do you have savings set aside for your long-term care? It’s crucial to come up with a budget for care so it doesn’t all fall on your loved ones.
Contacting an Attorney
If you need help with long-term care planning, you can contact the estate planning attorneys at Legacy Law Group in Eastern Washington, Spokane Valley, and Spokane itself. Get in touch with us at (509) 315-8087.