If you have ever looked into home health care, you know how costly it can be.
According to the AARP, home health care can cost upwards of $69,000 each year if you live in
a metropolitan area. Planning for these types of costs can seem intimidating,
but even more intimidating is the prospect of finding yourself with poor
health care or a bad legal situation on your hands. These tips will help
you determine how to create
an estate plan that works for your situation.
1. Hire Quality Care Workers through an Agency
Skilled workers paid a fair wage are more likely to provide you with high-quality
care. Hiring caregivers online who are unskilled and happy to work for
room and board may cause serious legal concerns when it comes to work
injuries or termination. For this reason, it is always wise to work through
an agency that is licensed and insured. The agency will handle everything
from background checks and paying wages to monitoring overtime and finding
replacements for your
2. Secure Documentation for Everything
Keep every document that will help you along the way, from 1099 forms to
credit card statements showing evidence that room and board were provided
for. It is also wise to keep a detailed list of the caregiver's daily
duties and your own home health care needs. You can also make digital
copies to send to your lawyer or family members in case a home health
care worker tries to sue you or your estate in the future.
3. Discuss Your Estate Plan with a Lawyer
If you have questions about establishing an estate plan that covers home
health care, your estate planning attorney can be your biggest help. Some
people do not discover that their estate plan doesn't mention home
health care until it is time to consider health options. You certainly
don't want this to happen to you.
Do you have questions about planning your estate? Your next step is to
speak to an attorney qualified to help you plan an estate that includes
plans for home health care.
Contact us to learn more about your options.