California life care planning: What it is and why it matters

California life care planning: What it is and why it matters

| Jun 21, 2021 | Estate Planning

In the fields of elder law and elder care, you will hear many terms that you might not understand. Life care planning, for example, is a term not many people know. If you are in your senior years or have an older family member in your life, it is time to learn more about this type of planning.

Primarily, life care planning involves first assessing a person’s current health care needs and those that may arise in the future. After this assessment, your life care plan team can recommend plan strategies to lessen the financial and medical consequences of an unexpected health crisis.

A life care plan can be empowering

For example, an elder care coordinator can help you locate and implement financial resources to pay for your or a family member’s medical care needs. In this way, life care planning resembles the advance medical directives available in estate planning. It is also a way to predict what a person’s long-term care needs may well be in the future, allowing you to address them accordingly.

Putting a life care plan in place empowers you and your family to rest easier knowing that you have covered as many contingencies as possible. Examples include setting up senior home care, finding compassionate elder housing and planning for the potential need for nursing home care.

We suggest that you learn more about life care planning, especially if you are approaching senior citizen age or are caring for an elderly loved one. The more you learn now, the better prepared you will be when it is time to look at the future needs of your aging family members.

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