Asset Protection Trusts: What is it and why you most likely need one!
Are you concerned about the uncertainties that lie ahead as you or your loved ones age? Do you worry about how to navigate the complex world of healthcare, long-term care, and estate planning? At Khaled Elder Law, Julia and her team understands the challenges that come with planning for the future, which is why the firm offers comprehensive Life Care Planning services.
Khaled Elder Law will customize a care plan just for you! This plan will serve as a road map to help you and your family meet the inevitable challenges of caring for an aging family member. The approach may continue for the duration of the client’s life. Attorney Khaled will rely on an inter-disciplinary team (geriatric care manager, nurse, and care coordinator) that works to identify present and potential future care needs, locate appropriate care if so desired and needed, and ensure high-quality care. This approach relies less on crisis-oriented responses and more on the development of on-going relationships with families.
What is Life Care Planning?
Life Care Planning goes beyond traditional estate planning. Life Care Planning is a new approach to the challenges created by people living longer, with more disabilities, and often with less resources and assistance. It's a holistic approach that focuses not only on the legal aspects of planning but also on providing personalized care and support throughout the aging process. The goal of Life Care Planning is to promote and maintain the good health, safety, well-being, and quality of life of elders and their families. Elders and their families get access to a wider variety of options for care as well as knowledgeable guidance from a team of compassionate advisors who help them make the right choices about every aspect of aging and their well-being. Julia and her team takes a multi-disciplinarian approach by working together to create a customized plan tailored to your unique needs and goals.
Often families feel overwhelmed by the amount of information and choices, and may not know who to trust. The goal of Life Care Planning is to promote and maintain good health, safety, well-being, and quality of life of elders and their families, all with the advice of independent professionals.
Benefits of Life Care Planning
1. Coordinate and manage healthcare:
As part of Life Care Planning services, Julia will provide you with a dedicated care coordinator. This professional acts as your advocate, helping you navigate the healthcare system, coordinating medical appointments, and ensuring you receive the appropriate care and support. The goal is to alleviate the stress and confusion often associated with healthcare management.
2. Ensure quality long-term care:
Julia and her inter-disciplinary team help you find sources to pay for good long-term care by coordinating access to public and private funding sources. The firm works with you through the maze of choices and options to find the best, or often, the most comfortable solution to the asset protection problem created by the need to pay for quality long-term care. Finding the right long-term care facility or in-home care services can be overwhelming. Julia and her team has a network of trusted providers, and will guide you in making informed decisions that align with your needs and values. Through regular monitoring and communication, you or your loved one receives the highest quality of care at all times.
3. Empower and educate:
Life Care Planning services empower you and your family with knowledge and resources. Khaled Elder Law provides educational workshops, legal updates, and informative sessions to help you understand your rights, options, and the ever-changing landscape of elder law. With knowledge comes confidence, and Attorney Khaled is committed to equipping you with the tools needed to make informed decisions.
4. Preserve and protect your assets:
Life Care Planning is designed to help assure your personal desires about aging are met while also safeguard your hard-earned assets while ensuring eligibility for government benefits such as Medicaid. Julia and her team will help you navigate the complex rules and regulations, maximizing the protection of your assets and minimizing the financial burden of long-term care. Khaled Elder Law - Your Partner in Life Care Planning. Are you concerned about the future and the uncertainties that accompany aging? Do you worry about the long-term care needs of your loved ones or even yourself? At Khaled Elder Law, Julia understands these concerns and has the perfect solution for you - Life Care Planning.
Why Choose Khaled Elder Law for Life Care Planning?
Experience: Julia has a Master of Social Work, combined with over 20 years of experience in elder law. You are in good hands!
Comprehensive Approach: Julia and her team believes in addressing all aspects of your life, including legal, financial, healthcare, and emotional well-being, providing you with a comprehensive and holistic Life Care Plan.
Personalized Attention: Julia and her team prides themselves on offering individualized care. The compassionate team takes the time to understand your unique circumstances and goals, tailoring services to meet your specific needs.
Continuity of Care: Life Care Planning is a lifelong process. At Khaled Elder Law, Julia and her team provide ongoing support, adapting your plan as circumstances change and offering peace of mind during every stage of life.
WHAT IS LIFE CARE PLANNING… in real life terms… what it looks like…
· Julia and her inter-disciplinary team will make sure you get good care, whether that care is at home or outside the traditional home setting. Getting good care is the most important of all goals, for it goes to the very heart of your quality of life in your later years. Your Life Care Plan is focused first on your good health, safety, and well-being.
· Julia and her inter-disciplinary team help you make decisions relating to your long-term care and special needs. Julia will help you where you are in your life, where you want to be, including providing bill paying services, tax return assistance, and any level of oversight and/or advocacy that may be needed in your life or your loved one’s life. Even down to daily chores and tasks.
· Julia and her inter-disciplinary team help you find sources to pay for good long-term care by coordinating access to public and private funding sources. The firm works with you through the maze of choices and options to find the best, or often, the most comfortable solution to the asset protection problem created by the need to pay for quality long-term care.
All planning is done from your perspective, reflecting your personal values and preferences. Other questions Julia can assist with may include:
· What health care, chronic care, and long-term care services are available to me?
· How can I get the good care I need and desire, whether in my own home, in an assisted-living facility, in a child’s home, or in a nursing home?
· How will financial and health care decisions be made for me if I cannot make them for myself? Who can I rely on to make sure that decisions to be made are the right ones?
· If I can’t take care of myself, who will make sure my spouse continues to have a good quality of life?
· If there is a health care crisis, what will need to be done? Where do my family and I turn to if help is needed?
· How do I know I am getting good care?
· Who will advocate and intervene for me if necessary, to ensure my right to quality health care and long-term care?
· How do I assure my financial security as I get older?
· What public benefits am I entitled to, and what do I have to do to qualify for them? Should I rely on Medicaid or other government benefits to help pay for my care?
· Should I buy long-term care insurance?
· How do I apply for benefits?
· What kinds of insurance do I need? Should I join a Medicare HMO?
· How and when should I distribute my assets? Can I save taxes and avoid probate?
· Do I have to spend all of my money on my care, whether in my home or in a residential care facility such as a nursing home? How can I protect my assets to take care of my spouse, to ensure I get good care, or to leave to my children?
· How do I provide for family members with special-needs?
The sooner attention is given to these questions, and solutions put into place, the better the chances that someone can age at home, preserving dignity and independence. Timing is everything! Julia can help you plan with certainty!
