Lake Wales, FL Nursing Home Planning
There are many different types of nursing homes, and a big part of the nursing home planning process is choosing the right facility to meet your needs. Aside from amenities included in each nursing home, you'll need to evaluate your budget to determine what you can afford to pay as well.
Nursing Home Planning With Medicare and Medicaid
There are several options that can assist you with the costs of living in a nursing home. If you have minimal retirement savings and live off government funding, a Medicaid nursing home can provide the care you need. For those who expect to require ongoing health care, a Medicare nursing home lets you use your benefits to help cover the costs.
However, the nursing home planning process doesn't stop there, though. You'll also need to make a plan for your finances and other assets, as well as put together your end-of-life directives. Of course, no one likes to think about their impending death, but you need to have a plan in place to let your descendants know what you would like them to do with your assets.
Experienced Attorneys Ready to Help
Here at Family Elder Law, we work with seniors and their families in Lake Wales, FL and the surrounding communities. We approach each case on an individual basis, so you can have confidence that the advice and guidance we give you is uniquely tailored to your specific needs. Whether you need additional help understanding the ways you can use Medicare or Medicaid with nursing home costs, or would like help planning further into the future, our team has the experience you can depend on. We always work with our clients with compassion, as we understand how difficult it is to talk about some of these important topics.
In addition to helping you create a Last Will & Testament to explain the division of your assets, we can also assist you with instituting a power of attorney. This person will be able to make medical and financial decisions on your behalf, and we can help you inform them what you expect them to do. They'll only take over if you are no longer able to make competent decisions for yourself or when other conditions you specify are met. Nursing home planning can seem a bit daunting at first, but it doesn't have to be when you work with Family Elder Law. We'll be right there with you every step of the way. Call us today to schedule a free consultation.