Most people hope to live long lives with the individuals that they love and to do the activities that they enjoy for as long as possible. With good health and financial planning, many New York residents are able to fulfill their dreams and have positive life experiences as they age. However, not everyone sets themselves up to enjoy their later years of life, and the failure to plan for the future can leave some older individuals struggling to get by.
Long-term care planning is important for everyone and can occur before a person reaches their retirement years. It involves understanding how one’s healthcare may be paid for and managed through private insurance as well as state and federal programs. In includes assessing if and when a person may need to leave their own home to live in a care facility and how they will pay for such services if they require them.
Long-term care planning involves ensuring that a person’s estate is prepared so that their loved ones may benefit from their years of hard work and saving. It can include setting up legal devices to facilitate the transfer of property from one person to another in a way that avoids probate and the costly taxes that can deplete an asset’s value.
Long-term care planning means many things and can be overwhelming to those who have not yet begun to consider how they will prepare themselves for the future. The attorneys of Enea, Scanlan & Sirignano are available for consultations and legal support with individuals who are ready to take control of their futures with comprehensive long-term care plans.