Kentucky ElderLaw

Life care planning, simply put, is a holistic approach to coping with challenges of long life or long-term disability. The practice of life care planning involves identifying present and potential future care needs, locating appropriate care and making connections to resources to promote high-quality care.

Planning for the future of your financial and medical needs is commonly referred to as long-term care planning. This process is typically very complex and solutions vary from person to person. A long-term care plan can be customized to address the short- or long-term needs of an individual.

On the surface, this seems eminently logical. However, looking deeper, one finds that if you have never worked, never paid taxes and spent a lifetime on public assistance, you qualify for Medicaid immediately. But if you have worked your entire life, supported the Medicaid system through your taxes, lived frugally, saved money and played by the rules, Medicaid expects you to spend your savings and not leave your family an inheritance.

You may feel overwhelmed by the numerous legal documents you have to create. These are some of the most important documents to have in place when planning for your future.

Two types of benefits include monthly pension and disability compensation. These are monetary benefits that can help fund at-home care, assisted living care, personal care, memory care or even nursing home care for the veteran, surviving spouse, or dependent child.

The legal process by which a deceased person’s will is validated (if there is one), their debts are settled, and their remaining assets are distributed to heirs or beneficiaries.