Long-Term Care Planning Attorney Suffolk County, NY
Prepare with an Experienced, Dedicated long term care planning Attorney Lawyer By Your Side
Long-Term Care Planning Lawyer in Suffolk County
Planning for long-term medical care can be an overwhelming, stressful and frightening prospect. Many factors are involved, and you want to set yourself or your loved one up for a future without worrying about financial stability. One of the most challenging variables when considering your estate planning is navigating the difficulties of long-term care. If your health declines or you need skilled nursing assistance, the cost of these services may be debilitating for you, your family or loved ones.
Unfortunately, no one can predict the future to determine the exact care you will need, so it is essential to ensure your assets, finances and estate plan is designed to meet your needs down the road. Navigating the estate planning process and determining the extent of your financial options may be tricky without a well-versed and compassionate legal professional to guide you. Our Smithtown long-term care planning attorneys at Fratello Law have the resources and experience to provide you with the legal counsel in Smithtown, that you need for a smooth estate planning process.
The Different Kinds of Long-Term Care Options
To understand the financial impact of your potential long-term care, you will need information on the different types of long-term care options, what they offer to those who use their services and governmental programs available to offset the high cost of long-term care. Some options allow for more freedom and flexibility, while others provide full-time medical and personal care. Consider the various types below:
Assisted Living Facilities
Assisted living facilities provide meals, housekeeping, and personal care services. These facilities have individual or share rooms with two or more adults, providing residence and care services depending on level of need. The following are examples of assisted living facilities:
There are many different options among assisted living residences from generally independent living to transition care, memory care and/or enhanced care. Choosing the right residence for you or a loved one depends on many factors including care options, convenience to loved ones, cost, financial assistance available and social modalities. Assisted living facilities are different than nursing homes and generally do not provide skilled nursing care, absent an enhanced license. However, many families choose assisted living as a more cost-effective option for those who require less care.
Skilled Nursing Facilities
Skilled nursing facilities, also known as nursing homes, offer residents the support they need when they cannot care for themselves and require qualified nursing professionals. Nursing homes provide standard core services, including personal care, dietary services, social services, nursing services, room and board, housekeeping, and recreational activities. While nursing homes are more expensive than assisted living facilities, they provide a higher level of care that individuals may need.
It is essential that families explore their financial responsibility and available Medicaid coverage and asset protection prior to entering a skilled nursing facility.
Continuing Care Retirement Facilities
For those needing several levels of care, continuing care retirement communities provide various services in one location. Residents will live in specific locations depending on the level of care they need. In some cases, residents may live independently in their own homes or apartments, while others may require daily care and professional medical services. Throughout their time, residents move from one level of care to another based on their needs.
Home and Community-Based Services
Home and Community-Based Services (HCBS) are becoming increasingly available, enabling many individuals to receive long-term care while remaining in their own homes and communities. Many who choose this long-term care continue to enjoy their independence within the space they feel comfortable. Many families find this option more cost effective than transitioning into an assisted living or skilled nursing residence.
When planning your estate, it is best to consider all your options and choose the one that best meets the social and care needs as well as the financial situation of you or your loved one. Speak with your elder law and estate planning attorney about your options, available resources and the legal implications necessary to plan your long-term care.
Paying for Long-Term Care in New York State
Paying for your long-term care is an important issue that must be considered when planning your estate and intentions. Determining how you will pay for the care you receive may feel daunting, but developing the right plan for you with any experienced Smithtown elder law attorney who understands your unique circumstances and goal, can help to alleviate your stress and fears.
Receive Legal Counsel From a Suffolk County Long-Term Care Planning Attorney Today
Our Fratello Law long-term care planning attorneys have years of experience providing clients with the information and legal representation they need to plan their estate and future. Looking into the future isn’t easy, and we understand how challenging it is to face losing control of your affairs. With our community-based, all-women law firm, you can feel confident that your needs are heard and we will develop the estate plan that is right for you.
Our firm is small with a big heart. We offer family-oriented legal counsel and build a foundation of trust with our clients. Speak with one of our lawyers to better understand how our team will help you by calling (631) 406-5580 or filling out our contact form today.
Our dedicated disability planning attorneys will guide you in creating the right power of attorney and healthcare proxy to ensure your finances and wellbeing are cared for in the event of an illness. They will also help you draft a living will that ensures all of your end-of-life wishes are upheld. Learn more.
Estate Tax Planning
Our estate planning attorneys at Fratello Law will guide you in transferring your hard-earned assets with as little taxation as legally possible by way of the many testate planning vehicles available. Both New York State and the federal government impose a tax on your right to transfer your property at your death if your gross estate exceeds a predetermined exclusion amount. This amount changes every year. We work with you and your accountant to determine the best panning to shelter your wealth.