Walnut Creek Long-Term Care Planning Attorney
Helping Clients Plan for Their Future
The Feldman Law Group is a team of experienced attorneys that provides comprehensive estate planning and probate services in Walnut Creek and the surrounding areas. We have over 30 years of experience working with clients to create customized plans that meet their long-term goals and protect their loved ones.
What Is Long-Term Care Planning?
Long-term care is any type of health care or supportive care that is provided to an individual for more than 90 days. Long-term care can be provided at home, in an assisted living facility, in a nursing home, or in a specialized facility such as a rehabilitation center.
Long-term care is very expensive, and it can quickly drain your assets and deplete your retirement savings. The Feldman Law Group can help you prepare for the high costs of long-term care by creating a long-term care plan that helps you protect your assets, select the best care options, and make informed decisions about where you would like to receive care.
For a consultation, call (925) 208-4543 or contact us online to schedule a consultation with our long-term care planning attorney in our office.
When Should You Start Long-Term Care Planning?
Planning for long-term care is a crucial aspect of financial and healthcare stability that often requires thoughtful consideration and early action. While there is no one-size-fits-all answer to when you should start long-term care planning, initiating the process sooner rather than later can prove to be advantageous.
Ideally, individuals should begin contemplating long-term care planning in their 40s. This early start allows for a more comprehensive evaluation of options, enabling individuals to make informed decisions tailored to their specific needs. Waiting until a health crisis occurs or until you are older may limit the available choices and increase the financial burden.
Several factors contribute to the importance of early long-term care planning. Firstly, it provides individuals with the opportunity to explore various insurance options and policies, ensuring coverage aligns with their anticipated needs. Additionally, starting early allows for the gradual accumulation of financial resources, making it easier to absorb the potential costs associated with long-term care.
Furthermore, early planning facilitates discussions with family members and loved ones, ensuring everyone is on the same page regarding preferences and expectations. This proactive approach fosters open communication, reducing the likelihood of misunderstandings or disagreements during critical moments.
What Is Estate Planning?
Estate planning is the process of organizing your assets and financial affairs to prepare for the future. It includes creating a will to specify how your assets will be distributed after your death, as well as trusts to manage your assets during your lifetime.
Estate planning also includes long-term care planning, which helps you prepare for the high costs of long-term care and make decisions about where you would like to receive care.
What Is Probate?
Probate is the legal process that is used to distribute the assets of an individual after they die. The executor of the estate is responsible for collecting the assets, paying any debts, and distributing the remaining assets to the beneficiaries. The executor is appointed by the will or appointed by the court if there is no will.
The probate process can take several months to complete, and it can be costly. The Feldman Law Group can help you avoid probate by creating a will that names an executor to distribute your assets after your death, or by setting up a living trust to manage your assets during your lifetime. The living trust avoids probate after your death.
To schedule a consultation with our Walnut Creek estate planning and probate attorney, call (925) 208-4543 or contact us online. We can help you plan for the future and protect your loved ones.
