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A good estate planning and elder law attorney can work with you from a variety of angles to help you plan for the future. An attorney can explore your and your family’s concerns and take a careful look at your assets. They can also examine your estate planning goals and consider your long-term medical and emotional needs.Â
A good lawyer will also help you understand eligibility requirements when it comes to paying for long-term care, whether that be through veterans’ benefits, Medicaid, advanced life insurance options, or long-term care insurance.Â
One of the worst mistakes you can make is to assume that you would never want or need Medicaid. Medicaid is a federally funded program that helps individuals and families pay for long-term care, and many people find it incredibly helpful as they get older.Â
Medicaid has certain financial requirements, including assets and income. It’s very important for you and your attorney to get a clear picture of your needs before you’re in a medical or housing crisis to see if Medicaid can be qualified for and applied for later on.Â
Attorney Myrna Setty is a compassionate elder law attorney serving Florida. For 10 years, she’s helped clients just like you plan for long-term care, address their family member’s needs, and protect the interests and rights of the vulnerable.
Have questions about long-term care, estate planning, or elder law? Reach out to The Law Firm of Myrna Serrano Setty, P.A. at (813) 686-7175 for a free initial consultation today.
The main documents that are essential for long-term care planning are a quality, durable financial power of attorney and a living will. These documents help cover your financial needs and wishes and your medical wishes in the long term.
You and your attorney should also consider a revocable living trust to allow for the management of certain assets should you become incapacitated. Finally, you will need a last will and testament, which legally establishes who is receiving your assets upon your death.
In Florida, long-term care insurance can pay for or subsidize and offset the cost of long-term care, whether that care takes place in your home, at an assisted living facility, or at a skilled nursing facility.Â
This insurance can help lessen the burden on you and your family considerably and help alleviate the worry of how long-term care will be financed. It’s an excellent tool to consider, and an estate planning attorney can help introduce you to options that work well for your needs.Â
Your local area agency on aging can be a fantastic resource for information about long-term care programs in your area. These might include senior adult day programs and other services or facilities.Â
My primary obligation is to the safety and well-being of the older adult. I work closely with family members and the elderly client to ensure their needs, wishes, and concerns are being meaningfully addressed.Â
If I come across a situation where there is a clear conflict between the needs of the elder and the agent, I’ll put the needs of the older adult first. I will also cease representation if the representative family member refuses to prioritize the older adult.Â
Still Have Questions? Ready To Get Started?Â
For more information on How To Plan For Long-Term Care In Tampa, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (813) 686-7175Â today.
Attorney Myrna Setty is a compassionate elder law attorney serving Florida. For 10 years, she’s helped clients just like you plan for long-term care, address their family member’s needs, and protect the interests and rights of the vulnerable.
Have questions about long-term care, estate planning, or elder law? Reach out to The Law Firm of Myrna Serrano Setty, P.A. at (813) 686-7175 for a free initial consultation today.
You don’t have to handle probate and settlement on your own. Let The Law Firm of Myrna Serrano Setty, P.A. step in and take the burden of executorship off your shoulders. Call Us Now - (813) 686-7175
