Life Care Planning vs. Medicaid Planning
Tuesday, September 29th, 2009 by Tracey IngleThe National Academy of Elder Law Attorneys describes the elder law attorney in this way:
“ . . . The elder law practitioner handles general estate planning issues and counsels clients about planning for incapacity with alternative decision making documents. The attorney would also assist the client in planning for possible long-term care needs, including nursing home care. Locating the appropriate type of care, coordinating private and public resources to finance the cost of care, and working to ensure the client’s right to quality care are all part of the elder law practice.”
Despite this, people continue to equate elder law with the preparation of legal documents and qualification for Medicaid. It is so, so much more. Engaging in asset protection planning in a vacuum will NOT fulfill the true goal of most families, namely enhancing the quality of life for the aging or ill family member, without sacrificing one’s own family, finances or health.
Loading ...