Some of our clients can afford to self-insure. This means that they have enough resources to absorb a significant long-term care stay if necessary. If this is you, we recommend that you set aside or earmark a certain amount of money for long-term care. This can help you and your family deal more effectively with the psychological impact of a long-term care crisis since you and your children already know what these funds are for. However, if this is your planning option, you should seriously consider using the leverage of life insurance or annuities with long-term care riders. A skilled estate lawyer can help you navigate these complex decisions, and make sure that you are planning appropriately for the future.
The ElderCare Law Firm Inc. can help you decide what options are best for you. Contact us today to set up an appointment.