Planning for the inevitable and making sure that your financial resources are properly prepared for distribution to your heirs after your death is an important pragmatic endeavor. If you want to be comprehensively prepared, you must also consider some of the contingencies that may present themselves as you reach an advanced age.
The elder law concern that we would like to look at here is the possibility that you may need living assistance in the future. It is not wise to cross your fingers and assume that you will always be able to handle your own day-to-day needs; in fact, most of our nation’s elders will indeed require long-term care at some point in time.
Each family has a different dynamic, and the extent to which open communication is possible is going to vary on a case-by-case basis. However, we would like to emphasize the value of communication among family members when you are deciding how to proceed with regard to long-term care.
The extent to which individual family members would be willing to help out is unknown until everyone shares their thoughts and ideas. Staying at home can be an option under certain circumstances, and this would often be the preference of the elder in question.
Alternately, doing some research in advance is quite useful if a stay at some type of long-term care facility is going to be required. And of course budgeting for the costs involved will be necessary, and this is another matter that can be brought up for discussion.
Communication among family members is important when you are making plans for the future. In addition, discussing things with a licensed and experienced San Jose elder law attorney will provide you with legal expertise to draw from as you are making these important decisions.
Roy has an undergraduate degree in accounting from Indiana State University, and a Juris Doctor degree from Indiana University. He graduated from law school in 1973. Roy was a member of the legal fraternity of Phi Delta Phi and president of the local chapter at Indiana University Law School in 1972-73. In law school he was a recipient of the Dean Faust Award and received awards and honors in income taxation and estate and gift taxation.