As people get older they become increasingly likely to develop a chronic or serious medical condition that requires regular care and attention. These conditions can drastically decrease a person?s quality of life, as well as impose financial hardships and other difficulties for both the elderly person and his or her loved ones.
A life care plan is something you can develop either after you?ve suffered from a quality of life altering medical condition or make in preparation. These plans focus on legal, medical, and practical steps that you can take to maximize your quality of life.
Legally, life care plans focus on many elements common to estate planning, such as Medicaid planning, wills, trusts, powers of attorney, medical directives, and other related issues.
But apart from the legal aspects, a life care plan is also intended to give you the best options. These plans take a broad view of your needs, and tailor individual solutions to any potential problems. For example, if you have a medical condition that limits your mobility or prevents you from driving or easily using transportation, your plan will include solutions that help you overcome these difficulties.
Life care plans often include, for example, hiring an in-home assistant, coordinating with friends and family members to develop a schedule that allows them to visit you and provide assistance more often, or by providing any education you might need to use new medical devices, technology, or other tools that can help you better your life.
The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.
Source: http://www.cheryldavid.com/blog/estate-planning/developing-life-care-plan/
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