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long-term care that are often not considered. might need someone besides yourself to start helping with household and personal tasks and/or home health care. As your loved one’s health declines, you may also have increased medical costs.  With hybrid policies, the consumer has the guarantee of long term care benefits or, if no care is needed

But it can also be chaotic if your parents have not yet thought about their wishes for health care, end-of-life Medicare will not cover the stay at all unless your parent’s health is improving. Long-term Care: Long-term care is expensive. If your parent has long-term care insurance, check to ensure that it covers assisted living or home health care.

Do I Need Long-Term Care Insurance? Without long-term care insurance, life can become particularly difficult. Long-term care insurance can be expensive, but it can end up saving your estate in the long run. problematic if you end up needing to pay for round-the-clock care. Houston Elder Care Attorney Your Houston elder care lawyer will have extensive knowledge of what is most

Hegwood Law Group has focused exclusively on elder law, asset protection, estate planning, long-term care we are excited to announce that we are changing our name from Hegwood Law Group to Your Legacy Legal Care Our transition to Your Legacy Legal Care™ will allow for a more accurate reflection of who we are, the We chose “Your Legacy Legal Care™” because we are here for YOU. establishment of your legal documents, as we will begin having a more direct role related to the long-term care

When it comes to your home, your health and your finances, you want to be in the driver’s seat. That is why it is so important to plan now for any future care you may need. Many people realize that long-term care is a rising concern for elderly individuals. care is not something you should put off. At any point, any one of us could require long-term care.

Long-term care is expensive , and many seniors in the Greater Houston area struggle to pay for the costs associated with aging and their declining health.  spouses who need financial assistance, or simply need help covering the costs associated with long-term care The benefit can even be used to pay a family member who oversees or provides the care for their loved-one veterans and their spouses can be eligible for up to $25,525 per year, tax-free, to help pay for their care

elements of your estate plan in light of the coronavirus pandemic, especially if there is a spike of cases  are unable to communicate your instructions to the healthcare professionals that will oversee your care directive contains a blanket prohibition on intubation, feeding tubes, or even CPR, Your Legacy Legal Care You need to make sure your health care proxy contains a provision that expressly authorizes electronic current estate planning documents, be sure to consult with your elder law attorney at Your Legacy Legal Care

With this, you’ve amassed a great amount of wealth. in a carefully planned trust is the best way to perpetuate, preserve, and protect your wealth. Preserving and protecting financial wealth requires a sound understanding of, as well as a solid plan for, counteracting the three primary forces that erode wealth over multiple generations. It takes careful planning to make wealth last.

you don’t get a choice, as noted by Forbes in “The Difference Between Having an Estate Plan and A Wealth have estate planning documents, it’s important to know the differences between these documents and a wealth A big reason family wealth erodes is a lack of communication, understanding and trust among family members A wealth transfer plan is a strategy that you undertake to prepare your heirs for their inheritance, Reference : Forbes (July 1, 2016) “The Difference Between Having an Estate Plan and A Wealth Transfer

When a loved one becomes mentally or physically incapacitated and unfit to care for themselves on their In this situation, the individual who is needing care is legally known as the “ward.” How Do Long-Term Care Facilities Handle Guardianship Orders? Guardianship orders are not new. However, there are new rules to govern the way that long-term care facilities handle guardianship orders facilities, contact the experts at Your Legacy Legal Care at (281) 218-0880.

About two thirds of 18- to 29-year-olds don’t have even one credit card, research from Bankrate.com showed Are you overusing your credit cards? In other words, is your credit card balance going up every month, or do you use one card to pay off another

However, it’s difficult to do something about it because most people don’t want to think about their health Another option is a home health aide, which costs about $20/hour. In most instances, Medicare will not cover long-term health care costs. While it might cover up to five or six weeks of home health care after a surgery or hospitalization, Reference: WIVB (May 4, 2016) “The cost of caring for aging parents: How to plan for long-term care”