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Estate Planning | Probate | Colorado Springs CO | Kevin Forbush » Medicaid


Your Legacy – Protecting Your Family While Preserving Your Values

How to Prepare for Long Term Care

Elder Law, Estate Planning, MedicaidNo Comments

If you are the child of parents who are now over the age of 65 you’ve probably given at least some passing thought to the day when one of your parents may need Long Term Care. Perhaps that still seems a long way off, or perhaps you see some of the warning signs already. Either way, there are steps you can take now to make the transition to giving and receiving care later easier on both you and your parents.

First and foremost, talk about it with your parents. It may seem like a difficult subject to broach, but it is necessary if you want to be able to work cooperatively in the future. Find out if your parents have already thought about the topic, if they’ve made provisions for it, or if they have any specific wishes.

Second, encourage your parents to create an Estate Plan if they don’t have one already. An Estate Plan will be important in expressing your parents’ wishes on necessary issues such as preferred agents in case of incapacity, financial power of attorney, and health care decisions. These essential documents will prevent many expensive delays and frustrating red tape in the future.

Third, think about what steps you and your parents may need to take to prepare for the financial burden of Long Term Care, because there will be a financial burden. Mellody Hobson of ABC News has some suggestions on how to plan, and what your financial options are. She describes the more well-known options of Medicaid and Long Term Care Insurance, as well as some lesser known options such as a Dependent Care Account.

The most important thing to remember as you think and talk about these issues is that you don’t have to—and you shouldn’t—go through this alone. Elder Law and Long Term Care are intricate and convoluted subjects, and you can serve your parents and your family best by getting the help of caring professionals whose business it is to guide you smoothly through the ins and outs of Elder Care. This includes professionals such as doctors, geriatric care managers, financial advisors, and yes—estate planning attorneys. Let us help you look into the future with confidence and clear eyes.

www.blogprofs.com

Geriatric Care Managers: A New Solution to an “Old” Dilemma

Current Events, Elder Law, MedicaidNo Comments

If you have an elderly parent or grandparent, you know how much time and research goes into finding the right care, the right doctor, or the right living situation for them. Caring for the aging population is a growing industry, with new services and options almost every day. Trying to keep up with it can feel close to impossible.

Enter the new professional: Geriatric care managers. This “new” profession is poised to play a significant role in the near future. This article in the New York Times describes geriatric care managers as “guides through the fragmented care landscape, connecting clients with local services, assisted-living facilities and a wide network of paid caregivers, elder law attorneys and financial advisers. They help families find living options, assess the abilities of older people, write care plans and sometimes hire and supervise home help”.

In actuality, geriatric care managers have existed in the United States for about 20 years, but the profession is only now starting to boom. And with a description like the one above, it’s easy to see why.

The aging process in the United States is evolving more quickly than most people thought possible. And more and more baby-boomers, who have yet to reach the age where they need elder care, are planning for their own sunset years rather than leaving it in the hands of their children. Geriatric care managers are likely to become an invaluable resource for the “sandwich generation” AND elderly individuals themselves.

If you are caring for an aging relative, or trying to plan for your own future, consider contacting a geriatric care manager in your area through The National Association of Professional Geriatric Care Managers.

www.blogprofs.com