How to Plan for Incapacity & Long-Term Care

How to Plan for Incapacity & Long-Term Care

Planning for incapacity and long-term care can be a difficult and stressful process. Many individuals and families dread the idea of having to make decisions about their loved ones’ care, especially when it comes to the potential for long-term care. The thought of a loved one needing this type of care can be daunting and overwhelming. However, with the right information and guidance, you can plan ahead for incapacity and long-term care and ensure that your loved one is taken care of in the best ways possible. 

In 2023, the average cost of long-term care in Georgia is estimated to be around $90,000/year. This is only continuing to grow! In this blog post, we will discuss how to plan for incapacity and long-term care. We will provide information on the types of long-term care, the cost of long-term care, and how an estate planning attorney can help you plan for incapacity and long-term care. 

What are Incapacity and Long Term Care? 

Incapacity and long-term care refer to the state and the care that is needed for an individual who is no longer able to live independently due to an illness, injury, or disability. This type of care is often needed for an extended period of time and is typically more comprehensive than traditional care services. 

Long-term care typically involves assistance with activities of daily living, such as bathing, dressing, eating, and toileting. It may also include medical and nursing care, as well as assistance with medication management. 

Types of Long-Term Care 

In order to plan for incapacity and long-term care, it is important to understand the different types of long-term care available. 

  1. Home Care: Home care is care that is provided in the individual’s home, either on a short-term or long-term basis. Home care can include assistance with activities of daily living, such as bathing, dressing, and toileting, as well as medical and nursing care. 
  2. Assisted Living: Assisted living is a type of long-term care that is provided in a residential setting, typically in an apartment-style setting. Assisted living facilities provide assistance with activities of daily living, as well as access to medical and nursing care. 
  3. Nursing Home Care: Nursing home care is a type of long-term care that is provided in a skilled nursing facility. Nursing home care typically includes assistance with activities of daily living, as well as medical and nursing care. 
  4. Hospice Care: Hospice care is a type of long-term care that is provided to individuals who are in the end stages of a terminal illness. Hospice care is typically provided in the individual’s home or in a hospice facility, and includes medical, nursing, and emotional support. 

Cost of Long-Term Care 

The cost of long-term care can vary significantly depending on the type of care needed, the location of the care, and the length of time that care is needed. It is important to understand the cost of long-term care, as it can be a significant expense. In general, the cost of long-term care is typically covered by Medicare, Medicaid, private insurance, or out-of-pocket.

How an Estate Planning Attorney Can Help 

An estate planning attorney can help you plan for incapacity and long-term care. An estate planning attorney can assist you in creating an estate plan that includes provisions for incapacity and long-term care. This type of plan may consist of a power of attorney, health care proxy, and/or a living will. An estate planning attorney can also help you understand the laws and regulations related to long-term care and provide guidance on how to best plan for incapacity and long-term care. 

Planning for incapacity and long-term care can be a difficult and stressful process. However, with the right information and guidance, you can plan ahead for incapacity and long-term care and ensure that your loved one is taken care of in the best ways possible. At Smith Barid, we understand the importance of planning for incapacity and long-term care.

Our experienced paralegals and estate planning attorneys are experts in helping clients create comprehensive estate plans that include provisions for incapacity and long-term care. We are here to answer your questions and provide the guidance and advice you need to ensure that your loved ones are taken care of in the best ways possible. If you have any questions about incapacity and long-term care planning, please don’t hesitate to contact us.

Share:

More Posts

The Comprehensive Legacy Checklist

Ensure your estate is fully prepared for any eventuality with The Comprehensive Legacy Checklist. This essential tool is designed to help you and your family face the future with confidence, covering all critical areas from asset protection to healthcare decisions. Whether you’re setting up a plan for the first time or updating an existing one, this checklist highlights potential vulnerabilities and ensures nothing is overlooked.