Many seniors worry that at some point, they will be unable to live in the
place they call home. While nursing homes and assisted living facilities
are great options for some, not everybody is keen to live away from familiarity.
If you are worried about your future, you need to prioritize
estate planning to ensure you stay in your home. It is possible, especially with the assistance of a reliable attorney.
1. Make Arrangements for Your Care
Since 1990, the population of those over 65 who live in nursing homes
has declined. You are more likely to be able to stay at home if you arrange for services
that keep you safe. Talk to your attorney about arrangements you may need
with personal care (grooming, bathing, feeding), psychological therapy,
and transportation to medical appointments.
2. Plan Your Estate Early
For many seniors, implementing a plan early on is essential. Unfortunately,
all too many people wait until plans are difficult to articulate. The
legal essentials require a power of attorney that covers everything from
health care decisions to property issues. Talk to your attorney about
a health care directive or conservatorship that will keep you in the home
you feel comfortable in.
3. Inquire about Government Benefits or Other Financial Assistance
Government benefits are available for seniors who want to receive care
at home but lack the financial resources. These include In-Home Supportive
Services, and state services like
Medi-Cal that differ from location to location. Some state coverage also provides
funds for adult day care centers. State budgets are constantly changing,
so it is important that you secure these benefits as early as possible.
4. Get Creative with Other Financial Resources
Some long-term care benefits are available through your health insurance
company, and some seniors use home equity loans and IRAs to pay for the
cost of receiving care at home. Your attorney can help you determine which
personal financial resources will best serve you.
Do you want some more advice about estate planning?
Contact us to learn how you can plan your estate without being forced out of your home.