Long-term care: What legal documents are needed?
June 30, 2008
From an estate-planning perspective, wills, financial powers of attorney and advanced medical directives. From the long-term care service perspective, contracts with the long-term care provider should be carefully reviewed.
An advanced medical directive usually provides for very difficult end-of-life decisions regarding life-sustaining treatment. Do-not-resuscitate orders can be used if an individual desires and are usually obtained from health-care providers.
What plans can people make in case they will ever need long-term care while still young?
Wills, financial powers of attorney and advanced medical directives should be prepared. Long-term care insurance policies issued by a reputable insurance carrier should carefully be considered. Other financial-planning products should be explored with a certified financial planner to help individuals save and accumulate funds for future long-term care expenses.
Source: Craig Berman is an attorney and certified public accountant who practices estate planning and elder law in Timonium, Md. He can be reached at www.bermanlaw.net.
Loading ...
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin